The following post is by a hedge fund manager friend of DB who shall remain nameless. He runs the emerging markets desk at his firm. Emerging Markets and derivatives are like alcohol and barbiturates: each on its own has attractions...

The NYT Magazine printed a piece over the weekend called "Too Much Credit," penned by hedge funder Ben Heller, who runs the emerging markets desk at his firm. Heller wrote about the frustration he would inspire in salesmen trying to...