Emerging-Market Debt, Stocks 'Great Area' to Look at: Sierra Mutual

The transcript discusses the potential of emerging market assets, both equities and debt, as investment opportunities. It highlights the risks associated with prolonged low interest rates, including excessive corporate borrowing and high debt-to-GDP ratios. The conversation also examines the Federal Reserve's role in managing economic challenges and the limitations of relying on it to resolve every financial issue.

What is the significance of the statement regarding interest rates being at crisis level lows?

What potential risks are associated with the expectation that the Fed can always intervene in the markets?