Yields on Latin American bonds have not been this low for a long time. It is hard to believe that Brazil’s 20 year dollar bond trades at a yield of only 8%, and most long-term Brazilian bonds are in …

I guess it is only natural that in world where capital flows – in unprecedented sums – from the poor to the rich, that the poor countries on the periphery also have lower inflation rates than the US…

In a recent FT oped on China, Ken Rogoff had a great one-liner:"Those who think inflation is caused by too little pork rather than too much money are wrong."Replace pork - culturally inappropriate fo…