Either some of the credit rating people are utilising one of Bolivia’s more controversial agricultural byproducts or I do not fully understand how credit rating truly functions. Bolivia, led by a far-left, bitter, anti-capitalism President, just received an upgrade in its credit rating from B- to B with the added recommendation of a positive outlook. Hellooo!? Have you heard of ALBA? Are you aware of what is happening in Venezuela, Bolivia’s economic and political soul mate? I do not think that the folks at S&P are paying attention to current events; President Evo Morales has nationalised the hydrocarbons sector, the country’s telephone company and is threatening (promising?) to wrest other companies and “strategic” sectors from the hands of those evil, conspiring free marketers that attract investment and create jobs. Talk about counter-intuitive logic. More >