MercoPress. South Atlantic News Agency
Brazil's credit growth slowing to a “sustainable pace”, says Central bank
Brazil’s credit growth is slowing to a sustainable pace and sufficient to feed domestic demand, said on Tuesday Luiz Pereira, the central bank’s director of international affairs. Read full article
Comments
Disclaimer & comment rulesBetter to be sustainable than Boomed and Busted.
Nov 09th, 2011 - 02:45 pm - Link - Report abuse 0It would seem that the recent history of Central Bank and Ministry of Finance appointments have been the passage from one 'safe pair of hands' to the next.
Thank God this anchor-state of the South American economies holds firm; it is horrible to think what the region would look like with a Bust.
it is horrible to think what the region would look like with a Bust.
Nov 09th, 2011 - 05:25 pm - Link - Report abuse 0Go to Europe or visit the United States to witness a modern bust and many more busts. I witness it, sometimes I feel i'm in the twillight zone and I'm already thinking/planning to leave.
Yes,
Nov 09th, 2011 - 07:31 pm - Link - Report abuse 0just imagine what a collapse of the SA banking system would do to the Unasur coalition.
Using Fido's EU analogy, Brasil (=Ger) would have to bail-out how many countries?
How many trillion dollar-equivalents that would take!
Yes, be very thankful Brasil is practicing 'sound finance' (whatever I say about it's internal stupidities, it is still a great place to be :-)
SA banking system, mainly Brazilian banking but let me submit Peruvian and Chilean banks also in that list, so far are sound and well. They don't want to go back to those horrible times. In those horrible times if you read, for some banksters it was all right..yeah whatever but eventually it hunted them too (shortsided what is common in all people)It shows they have learned from their history, and in the good old days they couldn't jump into the so called financialization miracle what we witnessed in Europe and the US. In that time they were busy rebuilding and weren't interested/in the target by northern banks that sold their junk CDO's. Northern banks for 90% sold that to each other till it ended (2008). That shows now that is a blessing for the SA banks i mentioned and have the opportunity to learn from that experience, and it seems they are doing that, because in the late 2007 they have could done that, but didn't get into that game for the reason i just mentioned. Also in the past they, SA banks, had bailouts, experimented with that nonsense, but it didn't worked and by time they figured out: let the banks that suppose to fail, fail, period, or nationalize it, sell the good part and let the bad fail. Something what is very difficult if you think about it, because of one of the reasons..(there are many more, but i'll mention one)...ideology. Now I do not and will not claim here that the SA banks i mentioned are perfect, because stupidity can always return when somebody else takes over..or whatever..but also it comes to the point, human beings aren't perfect, human beings make mistakes, though they say over and over, learn from history but don't do it after all (because of Ego or denying the problem).
Nov 09th, 2011 - 10:51 pm - Link - Report abuse 0”Using Fido's EU analogy, Brasil (=Ger) would have to bail-out how many countries?
bailouts or no bailouts, it will collapse. we are witnessing history all over again. My opinion, we need a debt free money system with gold and silver coins.
Fido!
Nov 10th, 2011 - 04:09 pm - Link - Report abuse 0We seem to be talking the same language!!!!
I didn't drop Chle and Peru into the argument because I wanted the focus to be on Brasil's success, but of course you are right - whatever else we may say, at the moment, these three countries are practicing reasonably sound and stabilising macroeconomic, monitary and fiscal policies.
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