Asset bubbles are as old as the market. They can have different origins and historical specifics, but the core dynamic is relatively simple: People buy something because its price is going up and they believe it will rise more.
For more than a decade people opposed to the government of Venezuela -- which today includes almost all major Western media outlets -- have argued that the Venezuelan economy would implode. How frustrating it has been for them to witness only two recessions.
Ottawa has been steadily deploying all of the resources at its disposal, including spying and corporate influence, to ensure its hegemony over some of the hemisphere's poorest and most oppressed nations.
Archbishop Diego Rafael Padrón Sánchez heads the Archdiocese of Cumana and serves as president of the Venezuelan bishops' conference. Some six months after the death of strongman Hugo Chavez, the Church remains wary of the new government, wi hch promises but little change from the policies of its predecessor.
By choosing Trinidad and Tobago, Costa Rica and Mexico, as destinations for his second foreign trip as China's President, Xi Jinping illustrated the strategic importance of the relations between Beijing and the Community of Latin American and Caribbean States.
If he fails to rein in the N.S.A., Obama may go down in history not as an agent of change but as someone who torpedoed U.S.-Latin America relations in a cynical effort to outflank suspicious leftist governments in Venezuela and Brazil.
The death of Hugo Chavez may leave Cuba in need of new allies. Perhaps it's time to negotiate a pact with Cuba: political reforms in Cuba in exchange for trade leniency from the U.S. In the process Cuba might regain her footing, and the U.S. might reap a significant political and economic opportunity.
With so much internal division and ideological muddle within the Brazilian government, it is no wonder that the N.S.A. has been so successful in its espionage efforts.
Could President Obama's second term be marred by further revelations stemming from the NSA scandal?
Make the military and the police more professional and effective by paying, training and equipping them better. Don't confuse them by inserting them into battlefields and against combatants for which they were never meant.
For all intents and purposes, the Arab Spring is dead. The Arab Winter has officially arrived.
What's behind Piñera's cautious handling of the Snowden affair? Perhaps, the Chileans envy Washington's eavesdropping capabilities and want to secure greater access to the PRISM program. Or maybe, Santiago has been working with Washington all along.
A couple of weeks ago, Melissa Harris-Perry at MSNBC posted a letter to Edward Snowden. Some believe that the letter was a bit sarcastic. Let me try...
Whatever its scenic attractions, Costa Rica has been touched by the ever widening war on drugs which has engulfed Central America and Mexico. As I reported as early as three years ago, smugglers use Costa Rica as a transshipment point for drugs coming from Colombia and Panama.
Prior to the Snowden affair, it looked as if Secretary of State John Kerry might have brokered a thaw in U.S.-Venezuelan relations. If anything, however, the Snowden affair will probably exacerbate the poisonous atmosphere.
Millions around the world support Edward Snowden for revealing secret information about NSA surveillance activities. But in his quest to continue to ...