Investors are looking forward to the inauguration of the terrifying fascist Jair Bolsonaro as president of Brazil on January 1. And they look to dreading the inauguration of the moderate social democrat Andrés Manuel López Obrador (aka AMLO) as president of Mexico on December 1. Graphed below are indexes representing the two countries’ stock markets—or, more specifically, shares traded on the New York Stock Exchange designed to mimic those indexes. (The history of the Mexico index is here; of Brazil, here.) The top graph is a long-term view. It shows that the two… Read More