Category Archives: Brazil

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 scale, personal level, and at the macroeconomic level, I am afraid that Brazil has becomeContinue reading “Brazil’s Economy – Desperation”

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 firm which is also at the centre of Brazil’s biggest-ever corruption scandal, earned another dubiousContinue reading “Standard & Poor’s demote Brazil’s debt to junk status; Petrobras, not Investment Grade”

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. Its economy is in deep trouble and its fiscal credibility is crumbling fast. The endContinue reading “Brazil’s policymakers have stuck their heads in the sand. -The Economist”