Latin America, the traditional poster child for political risk in financial markets, is back as a source of concern for investors.
Chilean President Sebastian Pinera on Saturday became the second leader this month to declare a state of emergency, his hand forced by violent protests in South America’s wealthiest country after an increase in transportation costs. In Ecuador, unrest blew up after President Lenin Moreno ended fuel subsidies.
Argentina, meanwhile, is back in the grip of capital controls after voters revolted against President Mauricio Macri’s budget-cutting agenda and handed his opponents a commanding lead ahead of presidential elections on Oct. 27.
The upshot is that Latin Americans are yet again rejecting austerity sought by investors and the likes of the International Monetary Fund, arguing it does little to reduce income inequality or improve social services.
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WNU Editor: Almost every country in Latin America is facing some crisis or another. The countries that are on my radar are the following .... Venezuela with its political and economic collapse. Mexico's horrific murder rate and drug wars. Central America's criminal gangs and poor economic conditions. Colombia's never ending war against groups like FARC and ELN. Ecuador, Chile, Argentina, and Brazil facing economic hard times.
2 comments:
Evil Morales has been in office from January 22, 2006 to present or about 13 years.
Is Bolivia going forward or is it stagnant?
GDP for Bolivia looks good. It started going exponential 2 years before Evil as elected.
Other metrics do not look good. There are deficits for the last 2 to 4 years for current account and other things. Something changed about 2012.
https://tradingeconomics.com/bolivia/gasoline-prices
Idiot is subsidizing gasoline. That has not worked anywhere.
Fixed prices did not help Nixon and they won't help Evil Morales.
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