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 More Quotes by Michael Hasenstab More Quotes From 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 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
