Massive debt loads, financed by printed money. Once upon a time, that might have described emerging markets, but the tables have turned. Ron asks Arif Joshi, a Managing Director and Portfolio Manager/Analyst on the Emerging Markets Debt team, how investors might know whether developed markets are in danger of using up their credibility with bond investors and finding themselves in a crisis like the ones that befell Russia and many Asian countries in the late 1990s.