According to CNNMoney.com, Latin America has been carrying the world's economy lately.As the dollar value drops and the US slips into what may became a recession, and while Europe's economy has also be down, Latin America has been picking up the weight.
According to Nick Beecroft, a portfolio specialist, Latin America's commodities are "red hot" making exports such as "oil, gas, steel, ore and metals" more affordable and easier to finance.
Although given our class discussions and our general knowledge of economic and its cyclical nature, this won't last forever. Latin America and the world economy will enjoy a "boom" for a while.
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