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Caribbean-Latin America
The other Americas are booming: Latin America has its best prospects for a century
2013-03-10
Reasonably balanced piece from the Independent (I know, I know) about the economic prospects of much of Latin America. It even notices that Argentina continues to be boned because of Peronism and corruption, and that Chile, while conservative (gasp!) is thriving. Worth the read so as to note the trend in that continent.
Posted by:Steve White

#5  ..and then the banks and investment houses holding the debt will ask the government to bail them out again.

These days, it's mutual and pension funds doing the lending. The asset pools involved are so large and diversified that Latin America is just a pinprick. Ultimately, anyone who buys the BRIC myth deserves what he gets. The only letter in the mix that is somewhat self-sustainable is C. Of the rest of these countries, India makes Latin America look good, and Russia is Latin America with icy wastelands.
Posted by: Zhang Fei   2013-03-10 21:13  

#4  ..and then the banks and investment houses holding the debt will ask the government to bail them out again. Keeping those donations funneling into their Congresscritter reelection funds is real good insurance.
Posted by: Procopius2k   2013-03-10 20:11  

#3  It's almost entirely due to the rise in commodity prices. The moment prices stabilize, these countries will have problems servicing their debt. And when commodity prices fall, they will renege on their debt.
Posted by: Zhang Fei   2013-03-10 17:47  

#2  It's "almost"* like there's some l;ink between controlling and gaining from the use of your own time, and economic wealth creation.


*sarc,
Posted by: Bright Pebbles   2013-03-10 13:55  

#1  On balance I think a vibrant, prosperous Mexico would be a welcome change.
Posted by: Iblis   2013-03-10 13:33  

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