This is pretty funny: Brazil’s real plunges on Temer bribery claims Bovespa joins Brazilian market rout, plunges 10% at open The Brazil ETF, EZW, lost 15% of its value in just a single day, far worse than even the worst day of the S&P 500 in 2008 during the financial crisis. The ‘idiocracy’ and or… Continue reading Another low-IQ country bites the dust
Tag: brazil
The Economic Crisis Is In Brazil and Turkey, Not China
As the media goes on and on about a supposed ‘China crisis’, as if a 1% decline in China’s GDP growth constitutes a depression, Brazil was recently downgraded to ‘junk’ by Standard and Poors, meaning that Brazil’s economy, which is heavily dependent on oil, is doing so poorly that the risk of default can no… Continue reading The Economic Crisis Is In Brazil and Turkey, Not China