“It is possible that some brainless members of the U.S. Congress may have introduced a bill that seeks to nationalize pensions, but I hope that it will not be given serious consideration, even by the liberal Democrat majority now in control.”

Paola Pecora says: ¨With such favorable external conditions prevailing, many in Argentina say that even a robot could have run the country successfully the last few years.  Latin America… is it doing well because of its leaders or because it is coasting on a good tailwind¨

“Venezuela, one of Latin America’s most populist countries has a very high inflation rate, control on market prices and shortages. This seems to be a constant practice for countries with this type of regime, and even more so in this region where governments define this practice as “redistribution of wealth”. It seems like the only thing that they distribute is inflation,” says Paola Pecora.