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Old June 20th, 2015 #1
Hugo Böse
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Default Brazil Going Down The Economic Toilet

The only reason the Brazilian economy was doing marginally well the last few years was because of the high price of commodities and their central bank´s printing of money to create a consumer credit boom. Now that the price of commodities has fallen they are reverting back to being a country with just too many muds.

Quote:
From The FT

Jobs disappear as Brazil hunts for sources of growth

After years of buoyant job creation, unemployment soars, while inflation rises and economy slows

Is there no end to the run of dismal economic data from Brazil? There was a lot on Friday. Annual consumer price inflation to mid-June was 8.8 per cent, its highest level for the month since 1996 and nearly double the target of 4.5 per cent. The central bank’s monthly GDP proxy showed economic activity in May falling 0.84 per cent from April and 3.29 per cent over the past year.

Most damaging of all for the government of President Dilma Rousseff, job destruction continues, with 115,599 jobs lost in the formal sector during May according to the labour ministry, about 50,000 more than expected.

Our chart shows rolling 12-month total net job creation since 2001. In the past year, nearly 600,000 jobs have been lost. Brazil’s change in fortunes, after years of buoyant job creation, could hardly be clearer.

....
Joaquim Levy, her new finance minister, has earned the respect of market economists by his strenuous efforts to balance the public accounts. His task is Herculean and few observers expect him to meet his own targets. But at least he has replaced the statist, interventionist policies of the past with textbook orthodoxy, and is making real spending cuts. Similarly, the central bank has taken great strides to restore a reputation for operational independence that was lost in recent years. The government has called on the private sector to join an ambitious infrastructure investment plan.

This is all good and will deliver genuine positive results, up to a point. But it has done little to build hope in the future. Business and consumer confidence are at all-time lows. After the commodities supercycle and a quantitative easing-fuelled consumer credit binge, Brazil is struggling to return to growth.

It is not alone in this predicament. But other commodity exporters have avoided Brazil’s severe downturn. Some, such as Chile, as a matter of course, have for years been implementing the policies that Brazil is now using as emergency measures. Chile, too, has seen its currency depreciate sharply. But, as Capital Economics noted this week, Chile has used currency weakness to boost export competitiveness, while supply-side constraints in Brazil have prevented it from making the same gains.No, Chile has less niggers, it´z that simple

This, analysts say, has long been Brazil’s Achilles heel: a failure to overhaul the supply side of its economy to deliver the productivity gains that would bring economic growth. Not doing this in the boom years was a calamitous omission. To do it in a downturn will be all but impossible. Officials at the finance ministry admit as much in private.
...
Nigger planning, jew plundering
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Last edited by Hugo Böse; June 21st, 2015 at 04:02 AM.
 
Old June 20th, 2015 #2
CountryGuy
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There is a Marxist commie mafia ruling Brazil. The election was a fraud, the corruption is very high, all the money go to ridiculous social programs that simply give money to the poor, now there is no more money. They want to turn the country into Cuba or Venezuela. The middle class is being erradicated.

There are many people calling for Militar regime like it was in the time period of 1964-1980´s.
 
Old June 21st, 2015 #3
Hugo Böse
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Muds+democracy always leads to Marxism.
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Old June 21st, 2015 #4
spoon!
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Quote:
Originally Posted by Hugo Böse View Post
Muds+democracy always leads to Marxism.
Following the kike plan!
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