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Stories by Desmond Lachman

Desmond Lachman is a resident fellow at AEI. He previously served as a managing director and chief emerging market economic strategist at Salomon Smith Barney and as deputy director in the International Monetary Fund's Policy Development and Review Department.

The Next Economic Crisis

Desmond Lachman wrote on December 1st, 2009 at 12:00 pm

A more immediate threat to the global economy than the China-U.S. payment imbalance problem is the large current account and budget deficits characterizing the Greek, Irish, Spanish, Portuguese and Italian economies.  more

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Economy Won’t Recover in 2010

Desmond Lachman wrote on October 16th, 2009 at 4:07 pm

When one considers the large number of involuntary part-time workers in the labor market, the chances for an economic recovery in 2010 are slim. By November 2010, the unemployment rate will remain above 10 percent.  more

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Fed Sees a Weak Economic Recovery

Desmond Lachman wrote on October 7th, 2009 at 1:15 pm

The speech on October 5th by Bill Dudley, President of the New York Federal Reserve, makes the case that the US economic recovery in 2010 is going to be sub-par. If the unemployment rate tops 10%, the mid-term elections will not be easy for the Obama administration next year.  more

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