Bad Brazil

rouseffIn a very close election, Brazilians recently re-elected Dilma Rouseff. The result: the Brazilian real fell 2% and is near a 10-year low, and the stock market fell almost 3%. Worse, Brazilian sovereign debt is close to being downgraded to non-investment grade, inflation is high and the economy is in recession. Regrettably, Aecio Neves didn’t win. Outcomes like this ensure that Brazil will have a glorious future, and always will!

Share This Post
Facebook Twitter Email

Speak Your Mind


This site uses Akismet to reduce spam. Learn how your comment data is processed.