Every why hath a wherefore

Chart of the day is…

…the country risk of five LatAm nations, plus regional average, as per October 18th 2012:

This is because Peru is splashing “we’re the best we’re the best!” all over its headlines today, no matter that they don’t have a freaking clue as to why (it’s the currency dudes, not that your financial people won’t rip you off any longer or that your judges won’t accept bribes or your country is less risky for driving on the roads). Data from here.
By the way, we didn’t include the Argentine or Venezuelan risk premiums on the chart because the Y-axis got silly. dyodd, dudes.

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