Latin America

Central Banks in Latin America’s Largest Economies Grapple with Raging Inflation: Brazil with Shock & Awe, Mexico Eyeing the Fed

by Wolf Richter • Dec 9, 2021 • 182 Comments

In the US, raging inflation is not far behind. But the Fed is still recklessly pouring fuel on it.

Spiking Inflation, Rate Hikes, and Debt Defaults in Latin America

by Nick Corbishley • May 15, 2021 • 145 Comments

Mexico and Brazil, having seen the economic destruction that high inflation can wreak, don’t want to see it again.

Latin-America’s Airlines Are Crashing, But There May Be No Bailouts. Aeromexico Denies Filing for US Bankruptcy

by Nick Corbishley • Jun 21, 2020 • 27 Comments

The AMLO government, which has refused to bail out shareholders and bondholders of large companies, could be on to something: A form of capitalism where investors, not taxpayers, carry the risks.

Now in Lockdown, Mexico’s Economy Slides. Banks & Companies Clamor for Bailout. Government Refuses

by Nick Corbishley • Apr 9, 2020 • 34 Comments

All non-essential activities have been suspended for at least a month. But where are the bailouts?

Latin America Was Already Steeped in Economic Problems. Now Come the External & Internal Shocks of COVID-19

by Nick Corbishley • Mar 27, 2020 • 98 Comments

Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks.

So That’s the End for Air Italy. And More Airline Money-Pits

by MC01 • Feb 22, 2020 • 77 Comments

Throwing good money after bad as a business model.

GM Better Figure Out How to Stop Shrinking, I Mean Globally & Pronto, Before It’s Too Late

by Wolf Richter • Feb 18, 2020 • 151 Comments

GM tries to shrink itself out of trouble. And it shrinks where it wants to grow. But when will it stop before hitting zero? Ugly charts of GM’s global vehicle sales, by region.

Over-Indebted European Telecom Giant Tries to Dump its Latin American Empire

by Nick Corbishley • Nov 29, 2019 • 48 Comments

Telefonica, with operations in Venezuela, Argentina, Chile, Peru, Ecuador, Colombia, and Mexico, is on the verge of “junk,” and the ECB holds some of its debt.