Ferguson, Complexity and Collapse

There may be very significant changes in long-standing power relationships which can occur quickly. Niall Ferguson, a Harvard Professor, addresses this issue in the latest issue of Foreign Affairs. He makes reference to a book, The Black Swan, by Nassim Taleb, who correctly predicted the financial crash of late 2008. This would have impact onContinue reading “Ferguson, Complexity and Collapse”

The waters of April

I am safe, in Paris,  as Rio went through a nightmare in the last days. I ask myself where were the municipality officers when these homes were built? Why all the trash was on the hills? How were the pluvial system made? Certainly, the mayor of Niteroi, Jorge Roberto Silveira will fire many city officialsContinue reading “The waters of April”

Interest rates in Brazil are kept flat (whether you like it or not)

Last night, The Central Bank of Brazil kept its benchmark rate steady at 8.75%, against market expectations. It was not an unanimous decision, as five members voted for keeping rates flat while the other three voted for increasing rates by 50 bps. Some argue that tightening now would have been the best choice as theContinue reading “Interest rates in Brazil are kept flat (whether you like it or not)”

Lula should read the article “Brazil takes off” from The Economist, Nov. 12th 2009

 This week , the Brazilian economy was the topic on The Economist’ special edition. Brazil has been quite present in  The Economist this year. Most of the articles have presented the country in a positive fashion. In June,  they came with an article called “Not just straw men”. Back then, the point was thatContinue reading “Lula should read the article “Brazil takes off” from The Economist, Nov. 12th 2009”

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