Insights

Dear Clients, As I suggested several months ago in a previous client letter, it wouldn’t be too long before inflationary concerns took hold in much of the public and professional discourse given rising treasury yields, questionable equity valuations, and the trajectory of various asset classes, Read Entire Entry

The February 2021 edition of INVESTIR: Insights from the International Country Risk Guide is now available.  Possible fuel price intervention in Brazil; Belarus tightens the screws on dissent; Draghi enjoys considerable popular/legislative support (for now); elections and cabinet choices in Cote Read Entire Entry

PRS’ coverage of the Americas this month includes updates on recent developments in Paraguay and Suriname, as well as fully revised reports on Costa Rica and Canada, where a legislative logjam resulting from the governing Liberal Party’s lack of a parliamentary majority has fueled speculation Read Entire Entry

Dear Clients, A good deal of the talk over the past month has centered on the risk of higher inflation and its impact on parts of the emerging market asset class.  The basic idea is that rising US Treasury yields of late reflect looming inflation expectations, which at one level suggests the Read Entire Entry

The center-right government made up of the LP, the NP, and their state counterparts in Queensland and the Northern Territory got off to a rocky start following an unexpected win at the federal elections held in May 2019, but the health crisis created by the COVID-19 pandemic has provided an Read Entire Entry

The January 2021 edition of INVESTIR: Insights from the International Country Risk Guide is now available. Chile purchases USD; Peru’s forthcoming election; Russian protests; a tactical move by Italy’s Conte; security forces win in Uganda; instability in Malaysia and Mongolia; heightened Read Entire Entry

PRS’ coverage of the Americas this month includes updates on recent developments in Cuba and Honduras and fully revised reports on Argentina and Peru, which is gearing up for presidential and legislative elections in April. Hopes that the elections might usher in a period of welcome stability Read Entire Entry

Dear Clients, Over the past decade, it’s been commonplace among those in the investment and multilateral communities to regard the traditional distinction between developed and emerging markets as irrelevant to modern, commercial times. Unlike the 80s and 90s when the balance sheets of many Read Entire Entry

Relations between the government and the further-left parties on whose support Prime Minister Antonio Costa depends for a parliamentary majority have become testy amid the social and economic strains arising from the COVID-19 pandemic. Ostensibly, the Socialist government is still in a strong Read Entire Entry

The second half of 2020 has produced some noteworthy political victories for President Lenin Moreno, whose government has managed to pull Ecuador back from the precipice of sovereign default on which the country stood after losing access to IMF loans and incurring a significant loss of oil income, Read Entire Entry