Saturday, 9 February 2013

Brazil, is it really a powerhouse?

Soberlook, prompted a small post on Brazil, which has wandered.

The last time I looked at brazil, they were whining about US currency manipulation causing inflation.
It appears that they have yet to accept their own attempts to hold down the real, to maintain their ten year long export surplus.

If Brazil is worried about inflation, it merely needs to stop devaluing its currency, which as gone from parity in 96, to 2:1 today.

Its interesting to note that "growth" is below inflation, which of course is why the politicians are whining, they are in a real recession (IE, a living standards one), and attempts to cheat their way out arent working

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