How emerging-market local-currency bonds might fit in your portfolio
Their appeal lies in their distinctiveness
IN THE FIRST episode of “Cheers”, a 1980s television comedy, Diane Chambers, a graduate student, intends to elope with Sumner Sloan, a literature professor. In stark contrast to the genial barflies at Cheers, a Boston watering-hole, Sloan is well-educated and middle-class—but also, it turns out, vain and deceitful. He’s goofy, says Sam Malone, the bartender whose on-off romance with Diane is the show’s dramatic axis. “He’s everything you’re not,” she retorts.
This article appeared in the Finance & economics section of the print edition under the headline “A world of difference”
Finance & economics March 30th 2019
- Flaws in Bitcoin make a lasting revival unlikely
- How emerging-market local-currency bonds might fit in your portfolio
- How to solve southern Italy’s unemployment problem
- Why is inflation in America so low?
- The Inter-American Development Bank cancels its big bash in China
- How Argentina and Japan continue to confound macroeconomists
- Slower growth in ageing economies is not inevitable
From the March 30th 2019 edition
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