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Ghosts of new financial crisis lurk in Latin America amid soaring markets

RIO DE JANEIRO, BRAZIL - The fear that the global economic crisis triggered by the pandemic could also produce a serious financial crisis seems to have vanished.

The money injected into the financial system by the wealthiest countries has not only prevented investors from panicking, but has also boosted stock markets to historic highs. As far as the markets are concerned, therefore, this test has already been passed. Or has it?

Prominent investors, experts and market observers are debating the near future. They wonder what will happen when this expansive monetary policy that has been sustaining stocks and bonds traded in . . .

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