Market Mayhem EP08: The Dominoes Begin — Latin American Debt Crisis, 1980s Titelbild

Market Mayhem EP08: The Dominoes Begin — Latin American Debt Crisis, 1980s

Market Mayhem EP08: The Dominoes Begin — Latin American Debt Crisis, 1980s

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Western banks lent billions to Latin America at floating rates. Then Paul Volcker jacked US interest rates to 20%. The debt payments became impossible. Mexico defaulted first. Then the dominoes fell across an entire continent.

A lost decade of collapsed GDP, hyperinflation, and mass poverty. The story of how interest rate policy in one country can destroy the economies of dozens of others. If you hold any variable-rate position, this episode is essential listening.

Market Mayhem, A Complete Trader's Edge Production

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