Argentina’s history is one of recurring promises and painful resets. Nicolas Dujovne has lived that cycle from the inside, serving as Finance Minister during a rare attempt at fiscal repair before markets and politics turned against it. Now, as CIO of Tenac Asset Management, he reflects with Alan Dunne on why economic reform so often falters, how short-term pain fuels long-term instability, and what it would take to finally break the trap. Beyond Argentina, the discussion widens to emerging markets at large - their hard-won stability, the new risks born of geopolitics and demographics, and the shifting fault lines of globalization. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to
[email protected] And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Follow Alan on Twitter . Read more about Nicolas. Episode TimeStamps: 02:24 - Introduction to Nicolas Dujovne 05:32 - Key reflections from Dujovne's former role as ministry of Treasury in Argentina 11:43 - How dollarization could change the overall dynamic of the economy 14:52 - How Dujovne's role as minister has shaped his investment process 16:56 - The state and outlook of emerging markets 21:13 - The relationship between central banks and emerging markets 23:33 - How the current globalization impact the investing landscape 27:43 - Evaluating the U.S from the lens of an emerging market investor 33:25 - How markets respond to fiscal...
