By Eugen von Böhm-Bawerk Get beyond endless Latin American headlines burning column inches and you come to far broader strategic conclusion: The seven ‘ugly Latino sisters’, namely Brazil, Venezuela, Ecuador, Bolivia, Colombia, Mexico and Argentina are all deep political trouble from collapsed benchmark prices. It’s merely a case of who’s in more advanced states of political … Continue reading
Oil prices rallied as OPEC crude output fell by 280,000 barrels per day (bpd) in February, according to a Reuters survey. The main reason is an involuntary disruption of supplies from a pipeline in Iraqi Kurdistan that was recently pumping about 600,000 bpd. The pipeline has been offline since February 17 and could stay closed … Continue reading
$200 per barrel oil ! WTF? Are you on drugs? Are you crazy? — All common responses to such a statement during this current time of crisis and turmoil. Well, one such person actually believes oil is set to surge to such a level… Ecuador’s President Rafael Correa. The President of Ecuador believes that $200 oil may be on the horizon. Correa … Continue reading
By James Corbett, Corbettreport.com Corbett Reporteers will be no stranger to the war on cash. I’ve made videos discussing it, conducted interviews about it, written articles examining it and dissected it on the radio. The war has been waged through mainstream propaganda outlets, TV advertisements and even children’s games. We’ve heard cash is dirtied by drug dealing, tarnished by … Continue reading
Oil prices have now crashed to below $28 a barrel, the lowest since 2003, and one member of the Organization of the Petroleum Exporting Countries’ (OPEC) has had enough. Ecuador, the smallest member of the OPEC oil cartel, is “tired” of “pushing” OPEC to cut output and the nation will continue working as if the oil cartel “did not exist,” President Rafael Correa told reporters, Reuters reported on … Continue reading
By Daniel Lemaitre Economic decline in dominant industries, worsening security in major urban centers, and high profile corruption accusations will continue to hinder development in Latin America in 2016. In the Latin American context, 2015 can be catalogued as a year of political renovation. The United States and Cuba officially restarted bilateral diplomatic relations; Guatemala … Continue reading
By Ante Batovic A year after the beginning of the biggest oil price slump in a decade, it is worthwhile to assess the current state of affairs and estimate the costs both for the global economy and the political stability of oil exporting countries. The oil industry was caught unprepared by the sudden slump in oil … Continue reading
By Stratfor Global Intelligence The Greek Audit Committee on Public Debt released its preliminary findings June 18, concluding that Greece’s public debt is “illegal, illegitimate and odious.” The report emerges at a fraught time in Greece’s negotiations with its creditors: Athens is pushing for debt relief that the Europeans are unwilling to grant, though the … Continue reading
By Etienne Lepers Contemporary political analysis, though firmly focused on the yet to be created AIIB, should be equally as focused on the poorly covered Chinese bilateral lending relationships that already exist. China’s role in the global financial system has recently caught the media’s attention more than usual, as Beijing’s financial aspirations create significant diplomatic … Continue reading
By PanAm Post The rise of “21st-century socialism” across Latin America over the last two decades has led to populist initiatives to “democratize” the media — or, in other words, force the press to fit their ideological mold. It’s been premised on the idea that traditional media has been concentrated in the hands of a … Continue reading