This really makes me feel sick to my stomach....

[Flabbergasted]

http://www.forbes.com/feeds/ap/2006/04/05/ap2647823.html

Update 3: Investors Said Jittery About Latin America
By ALAN CLENDENNING , 04.05.2006, 03:18 AM


Presidential elections in seven Latin American countries this year have made top international bankers and economists jittery about the possibility that new leaders might undermine the region's economic gains.

"There are political, market and economic concerns with the upcoming elections," William R. Rhodes, president and chief executive of Citigroup Inc.'s Citibank NA banking unit, told reporters Tuesday at the Inter-American Development Bank's annual meeting.

Rhodes and Roberto Setubal, chairman of Brazil's Banco Itau SA, said most governments in the region have adopted prudent fiscal policies, allowing economies to flourish amid an overall political tilt to the left.

But they said investors should be cautious ahead of elections this year in Brazil, Colombia, Ecuador, Mexico, Nicaragua, Peru and Venezuela.

While most presidential candidates appear to support orthodox monetary policies aimed at slow, sustainable growth and lower inflation, changes in fiscal policy could send investors fleeing to safer markets, Rhodes and Setubal said.






http://www.forbes.com/feeds/ap/2006/04/05/ap2647823.html

[DBoon]

1. If fiscal policy caused investors to flee a country..

The USA would be verging on bankruptcy

... wait a minute ...

[populistdriven]

2. the banks are bummed the neocons didnt invade south america too

[Sinti]

3. Yet n/t