Monthly Archives: September 2015

Brazil’s Economy – Desperation

I have a friend in Brazil who tried to send herself a package with cloths, the value of which was maybe $100 dollars. The Brazilian government tried to levy a tax of $1563 reais ($350 dollars). At both the small … Continue reading

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Standard & Poor’s demote Brazil’s debt to junk status; Petrobras, not Investment Grade

The Economist has this piece out, today. I must ask, is it just my impression, or are many wealthy Brazilians actually out of the country, trying as hard as possible to give birth in America, etc.? “Petrobras, the state-controlled energy … Continue reading

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Brazil’s policymakers have stuck their heads in the sand. -The Economist

Brazil’s disastrous budget All fall down Brazil is in an economic hole—and still digging PLENTY of countries run deficits. And when recessions occur, loosening the public purse strings makes sense for many of them. But Brazil is not most countries. … Continue reading

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