Martin Langfield's Blog, page 7

December 8, 2015

Tightrope (or as you say in Spanish, slackrope)

Jesus Torrealba (R), secretary of the Venezuelan coalition of opposition parties (MUD), speaks near Lilian Tintori (2nd L), wife of jailed Venezuelan opposition leader Leopoldo Lopez during a news conference in Caracas December 7, 2015. Venezuela's opposition won control of the legislature from the ruling Socialists for the first time in 16 years on Sunday, giving them a long-sought platform to challenge President Nicolas Maduro. The banner reads,

My latest column: Cuerda floja, or howLatam pro-business leaders face a welfare conundrum http://reut.rs/1jKFyRq


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Published on December 08, 2015 06:55

December 5, 2015

Running on empty

maduro

My latest column: Venezuela’s populist revolution runs out of gas

The Andean nation has the world’s biggest oil reserves but can’t get basic goods like milk and medicine into stores. Voters will punish the inept heirs of leftist caudillo Hugo Chavez in Sunday’s legislative elections, but no quick turnaround is coming. Default is a risk in 2016.


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Published on December 05, 2015 07:01

December 3, 2015

Impeachment bid, like Brazil, unlikely to prosper

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A column I wrote last night on the latest news from Brazil:
http://reut.rs/1XAFfew


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Published on December 03, 2015 10:39

November 25, 2015

The sickness is the cure

rio - mountain copy

Some thoughts on Brazil. Sometimes the sickness is also the cure …

Brazil’s crisis may have a silver lining: the rule of law
Latin America’s biggest economy will get worse before it gets better. The arrest of billionaire banker André Esteves suggests room for further nasty surprises from the Petrobras corruption probe. But feisty independent courts and stronger institutions point to a brighter future.


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Published on November 25, 2015 10:36

Some thoughts on Brazil. Sometimes the sickness is also...

rio - mountain copy

Some thoughts on Brazil. Sometimes the sickness is also the cure …

Brazil’s crisis may have a silver lining: the rule of law
Latin America’s biggest economy will get worse before it gets better. The arrest of billionaire banker André Esteves suggests room for further nasty surprises from the Petrobras corruption probe. But feisty independent courts and stronger institutions point to a brighter future.


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Published on November 25, 2015 10:36

November 23, 2015

Macri-economics 101

ba - obelisk copy

My follow-up column today:
Argentina’s vote for Macri may show Brazil the way:http://reut.rs/1Sg3ckA

(Photo mine from a 2005 trip to Buenos Aires: Plaza de la República.)


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Published on November 23, 2015 17:20

November 22, 2015

My latest column: Muggle time

ba - street plaque copy

My piece from Friday: Argentina faces a choice between magic and realism

Voters look likely to choose uncharismatic, pro-market Mauricio Macri as their next president in Sunday’s runoff election. Latin America’s No. 3 economy needs a dose of orthodox management after years of Kirchnerist magical thinking. But he could become unpopular very fast.

http://reut.rs/1I1y08q


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Published on November 22, 2015 15:58

October 26, 2015

La sorpresa

ba - aguas street plaque 25Jun05

(Some more thoughts on Argentina)
Presidential elections will go to a runoff after business favorite Mauricio Macri surprised ruling-party candidate Daniel Scioli in Sunday’s vote. Scioli will surely now say Macri wants to slash social programs. But voters may rather see Cristina Fernandez’s economics as unsustainable.
http://reut.rs/1jM8gSR
(Photo mine from a 2005 trip to Buenos Aires.)


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Published on October 26, 2015 18:51

October 24, 2015

My latest column – Illusion’s end

ba - street plaque copy

Argentina’s election Sunday heralds an end to the magical economic thinking of President Cristina Fernandez. http://reut.rs/1PGPWay


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Published on October 24, 2015 06:18

July 10, 2015

My latest book review: Dealmaking when lives are at stake

Salvador soccer

http://reut.rs/1LWg3Ye

Financiers like to compare their negotiations to military strategy. Yet the art of the deal matters far more when those talking also kill. Jonathan Powell’s “Terrorists at the Table” is a primer like few others, by a worldly ex-diplomat of stubborn hope. It’s also darkly funny.

(I took this photo of guerrillas taking a break to play soccer in rebel-held territory in El Salvador in 1991.)


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Published on July 10, 2015 12:45