Michael Hasenstab Browse All Authors Top 8 quotes by Michael Hasenstab It is clear that the administration's legitimacy of pro cyclical and overly expansive monetary and fiscal policy are over. A change is inevitable. Michael Hasenstab company-news Mexico is one of the most mispriced assets out there, the central bank has handled the speculative attacks adeptly. Michael Hasenstab company-news Brazil is in the depths of one of the worst crises arguably since the 1980s. The difference is that we can see a path out, it is clear that the administration's legitimacy of pro cyclical and overly expansive monetary and fiscal policy are over. A change is inevitable. Michael Hasenstab company-news In Ukraine we could see a path forward for the country. They just needed some financial engineering to get though a liquidity crunch, venezuela is about solvency. Michael Hasenstab company-news We have been out (of Argentina) for quite some time and even though we see probably some positive changes, we don't really see any value there, we are a little bit more in a 'show-me' phase and because valuations are not particularly cheap we are spending a lot more time on other countries. Michael Hasenstab company-news We have invested in distressed debt and have gone through some tough restructurings, but I still don't feel comfortable enough to step into Venezuela. Michael Hasenstab company-news The liquidity in the local markets has improved, not decreased, so this fear over liquidity in many cases is a little overblown and not consistent with the empirical evidence we've seen. Michael Hasenstab money We expect economic growth in China to moderate, but not experience a hard-landing. Michael Hasenstab company-news
