Brazil announces measures to boost sales of vehicles and stimulate growth

Tuesday, May 22nd 2012 - 03:22 UTC

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Brazil lowered taxes on consumer borrowing and created incentives for banks to boost vehicle lending as policy makers struggle to revive economic growth in the Latin America’s largest market. Read full article

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ChrisR
“I can assure you that we are 100%, 200%, 300% prepared” to counter the effects of a worsening global crisis, President Dilma Rousseff said on Monday ”

So, which is it, 100%, 200% or 300%? Utter nonsense.

I am beginning to see a lack of clarity with the approach being taken to the economy, seemingly from a sense of panic. Headless chickens comes to mind when we see 'new' intiatives every few days.

I am not at all surprised at the delinquencies with auto loans if the idea is to allow 'more access' to finance irrespective of the market knowledge.

Messing with Mr. Market WILL end in 'tears before bedtime', it always does, no matter which country tries it.
May 22nd, 2012 - 01:00 pm - Link - Report abuse 0
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