Another low-IQ country bites the dust

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…

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…