In the US, raging inflation is not far behind. But the Fed is still recklessly pouring fuel on it.
Mexico and Brazil, having seen the economic destruction that high inflation can wreak, don't want to see it again.
https://wolfstreet.com/2021/05/15/spiking-inflation-rate-hikes-and-debt-defaults-in-latin-america/
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.
All non-essential activities have been suspended for at least a month. But where are the bailouts?
Not even Brazil and Mexico have the fiscal and monetary leeway to offset those shocks.
Throwing good money after bad as a business model.
https://wolfstreet.com/2020/02/22/so-thats-the-end-for-air-italy-and-more-airline-money-pits/
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.
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.
"Particularly worrisome" is that this slowdown "has taken place in a context where the US economy is growing above potential."
https://wolfstreet.com/2019/09/03/bank-of-mexico-raises-alarm-about-mexicos-economy/
The curse of pushing volume by selling tickets below cost became an even bigger curse with the peso massacre.