Is An Emerging Markets Crisis Imminent?
Money For the Rest of Us
J. David Stein
4.5 • 1.4K Ratings
🗓️ 12 December 2018
⏱️ 35 minutes
🧾️ Download transcript
Summary
#233 What is the cause of the economic crisis in Argentina and how likely is it that other developing nations will experience a similar financing crisis. Thanks to Policy Genius for sponsoring the episode.
For show notes and more information on this episode click here.
- [0:20] Why the Argentine peso has decreased 47% in value.
- [3:41] 3 Reasons why Argentina is unique and has suffered such sharp economic decline.
- [10:23] What we can learn from Argentina’s funding crisis.
- [13:51] How to tell when the market is losing confidence.
- [19:43] Why are some emerging market economies thriving?
- [22:20] Emerging market economies are not destined to fail.
- [27:04] What Argentina can do to pull itself out of the crisis.
- [27:48] Why the US isn’t in the same fix as Argentina.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Money for the rest of us. This is a personal finance show on money. How it works, how to |
| 0:07.4 | invest it and how to live without worrying about it. I'm your host David Stein today is |
| 0:11.9 | episode 233. It's titled, Is an Emerging Market Crisis |
| 0:18.0 | Imminent? The Pearl and I just finished up a trip to Mexico here in Touloum and the way that Touloum is set up you have the hotel zone |
| 0:29.1 | Which is on the Caribbean just south of the Touloum archaeological ruins and then the lots of taxis, combies that go, but oftentimes there's just not enough and so many people |
| 0:47.4 | ask or hitchhike and ask for rides. |
| 0:51.1 | So we pick me up. |
| 0:52.1 | We had a car we rented. |
| 0:54.0 | What I found interesting is most of the people that we picked up were from Argentina. |
| 1:02.0 | And I hadn't seen that before in our previous trips. |
| 1:06.0 | I spoke with one young woman. |
| 1:10.0 | She had been in Mexico about five months. I believe she started in Monterrey and now has come to Touloum. She's in her 20. she works at a boutique along the hotel zone, and I asked her, just got to conversing a little bit, whether it was easy or not to get a job in Mexico. |
| 1:37.7 | I was trying to get at whether she had the appropriate documents to be able to work there and she was very much, very forthright. |
| 1:48.0 | She said no, I don't, she doesn't have papers, but apparently they're a little more lax along the hotel zone there. |
| 1:59.2 | She said it was easier for it to get a job. |
| 2:00.9 | She's young, she's confident, she knows what she's doing, she's skilled at working |
| 2:06.9 | retail and she got a job very easily. Another couple we chatted with from Argentina, they both worked in restaurants. |
| 2:18.0 | A year ago, the Mexican peso and the Argentine peso were worth about the same. |
| 2:25.0 | So one Mexican peso was worth about 90 cents |
| 2:30.0 | in terms of Argentine peso and the Argentine pesos was actually stronger than the Mexican |
| 2:37.6 | peso. |
| 2:39.3 | Since then the Argentine peso has fallen 47% relative to the Mexican peso. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from J. David Stein, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of J. David Stein and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.