There is a real risk of devaluation in Venezuela. We've seen significant outflows from Brazil. ... So I think, from the Latin America side, it's still a month of caution and concern.

[This] has really helped a great deal, ... It has captured some of the problem with short selling, which has driven down the markets.

He's the one who's been advocating a move toward a currency board, concentrating foreign exchange earnings and doing a variety of things, including an across-the-board tax cut.