Brazilian inflation remains untameable; Real hits a new high

Friday, April 8th 2011 - 07:32 UTC

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Brazilian inflation accelerated more than economists expected in March from a year earlier, led by food and transportation costs, taking the annual rate near the upper limit of the government’s target range. On Thursday the Brazilian currency Real also further strengthened to a record 1.58 to the US dollar in spite of the latest measures. Read full article

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GeoffWard
Inflation is never untameable.

But sometimes the treatment is worse than the disease.

It depends on how much suffering a people can be made to bear and, at the same time, allow the Government/Establishment to survive intact.
Apr 09th, 2011 - 11:27 pm - Link - Report abuse 0
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