Emerging Markets Debt in a Trump 2.0 World

This is a podcast episode titled, Emerging Markets Debt in a Trump 2.0 World. The summary for this episode is: <p>How can investors make sense of the macro and geopolitical headlines that are coming fast and furious? Ricardo Adrogue and Cem Karacadag join the Streaming Income podcast to help parse signal from noise.</p><p><br></p><p><strong>Episode Segments</strong></p><p><strong>(02:32)</strong> – Rates, tariffs, oil, growth &amp; what history tells us</p><p><strong>(09:09)</strong> – Is the risk-free rate really risk free?</p><p><strong>(10:48)</strong> – U.S exceptionalism or decadence?</p><p><strong>(11:52)</strong> – How shifting global alliances are shaping the investment picture</p><p><strong>(18:20) </strong>– Quantifying EM countries’ exposures to Trump’s policies </p><p><strong>(21:05)</strong> – Did 2024’s “low quality” rally leave credit spreads too tight?</p><p><strong>(25:56)</strong> – Why EM default risk looks lower in 2025</p><p><strong>(30:09)</strong> – The bull cases for EM sovereign &amp; local debt</p><p><strong>(33:18)</strong> – The books &amp; articles influencing Ricardo &amp; Cem’s thinking</p><p><br></p><p><strong>Books and Articles Mentioned in the Conversation:</strong></p><ul><li><a href="https://a.co/d/fOTsjjr" rel="noopener noreferrer" target="_blank">Why Nations Fail (Acemoglu, Robinson)</a> </li><li><a href="https://a.co/d/d8p1Ypp" rel="noopener noreferrer" target="_blank">Hoover (Whyte)</a></li><li><a href="https://a.co/d/6rV2ekE" rel="noopener noreferrer" target="_blank">The Road to Character (Brooks)</a></li><li><a href="https://www.ft.com/content/13a830ce-071a-477f-864c-e499ce9e6065" rel="noopener noreferrer" target="_blank">Forget the US – Europe has successfully put tariffs on itself (Draghi)</a></li><li><a href="https://www.ft.com/content/4e3f1731-3d63-4b31-88ce-c3f5157d8170" rel="noopener noreferrer" target="_blank">The real threat to American prosperity (Acemoglu)</a> </li></ul><p><br></p><p>IMPORTANT INFORMATION</p><p><br></p><p>Any forecasts in this podcast are based upon Barings’ opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. 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