South African economist
Desmond Lachman (born 1948), is a South African-born economist and finance author, who was a senior advisor (1984–1994) and then Deputy Director (1994–1996) at the International Monetary Fund, the Managing Director and Chief Emerging Market Strategist at Salomon Smith Barney (1996–2003), and a Fellow at the American Enterprise Institute (2003–).[2][1] Lachman has served as an adjunct professor at Johns Hopkins University (2009), and Georgetown University (2010).[1]
In 2006, Paul Blustein of the Wall Street Journal said Lachman "distinguished himself amongst other analysts" in predicting that Argentina would be eventually forced to default on its debts.[2] In 2011, Bloomberg credited Lachman with predicting the global credit crisis and the credit issues that the Euro currency would create amongst some member states.[3] In 2016, Blustein said "Some of his direct forecasts have proven perspicacious and have come well ahead of the pack".[4]
Lachman is a frequent opinion contributor in the main financial media, including the Financial Times,[5] The Wall Street Journal,[6] and Bloomberg,[7] as well as for the wider national media such as for The Hill,[8] for U.S. News,[9] for Fox News,[10] and for CNN.[11]
He is also regularly interviewed for his views on emerging markets in the financial media, such as in Barron's,[12] CNBC,[13] and the Economist.[14] Lachman is interviewed on general economics for the wider non-financial national media such as for USA Today,[15] for BBC News,[16] and for NPR.[17][18]
In 2011, BBC's Newsnight, named Lachman's graph of 10-year euro yields as their "Chart of the Year", from submissions by leading economists.[19][20]
