MercoPress. South Atlantic News Agency
The sliding Brazilian currency has depreciated 18% in the last twelve months
The Brazilian currency Real, which is the region’s reference, is undergoing one of its major depreciations against the US dollar in the last four years because of the poor performance of its economy and the tendency is to continue, at least in the short term, given the uncertainty about US monetary policy. Read full article
Comments
Disclaimer & comment rulesThe BRIC concept will soon go the way of COMECON!
Aug 21st, 2013 - 12:17 am - Link - Report abuse 0What's that you ask?
Exactly.
@1:
Aug 21st, 2013 - 04:44 am - Link - Report abuse 0Anglo pretends to be an Aussie an posts crap like this in order to damage Australia's reputation. He is not an Aussie. He is a pommie bastard.
@2: How is that post by Anglotino damaging to Australia's reputation? It's never been a (pseudo) BRIC or in COMECON although it has had occasional Stalinist governments...
Aug 21st, 2013 - 04:50 am - Link - Report abuse 0Oh I remember Rgs posters telling me Brazil was going to be their saviour this year.
Aug 21st, 2013 - 08:33 am - Link - Report abuse 0Stevie, Toby wasn't that you?
Idiots
I wonder when you'll finally admit I've been right all along...
But you saw it here first! Mantega did NOT lie! He just (basically) did not know WTF was going on.
Aug 21st, 2013 - 08:54 am - Link - Report abuse 0At least there are two of us so far who saw this was happening.
Brazil: always the bridesmaid, never the bride and after FIFA and the IOC have raped the country of money the way back will be difficult and the unions won’t stand for it.
Riots, anybody?
Still talking out of your ass Chris Retard? Do yourself a favor, do more research on the web before you get info out of your piehole.
Aug 21st, 2013 - 01:22 pm - Link - Report abuse 0The US is losing the currency war and this is all part of the currency war. So far Brazil is winning it.
Federal Reserve BS news:
Taper taper taper bla bla talk..they are doomed if they stop, they are doomed if the federal reserve criminals continue. Meanwhile the BRICS are moving on and are leaving the dollar aside.
Fido!! What's the story sister?? Fido, I read your post. Now, tell all of us where you live again? It's not Brazil right? It's a big country, starts with a 'U'...
Aug 21st, 2013 - 02:38 pm - Link - Report abuse 0Fido's funny...
7 jakesnake
Aug 21st, 2013 - 04:06 pm - Link - Report abuse 0He may “stay” in the US three months at a time but he has to leave to go “abroad” and then return as he does not have a green card, neither does his Mexican girlfriend by the look of it.
But I agree, Dildo is a laugh a minute. Have you heard he has a Bitcoin? I think his might be the only one in captivity as everybody else seems to be getting rid of theirs.
6. and how is Brazil “winning” this imaginary currency war?
Aug 21st, 2013 - 04:31 pm - Link - Report abuse 0I would love to hear this
“Federal Reserve is getting ready to gradually eliminate the monthly stimuli which could happen at the end of this year or early 2014” given what happened the last time this was announced in the market, It´s very possible another slow down next year around the world. It possibliy will make trade blocks more important for each individual country as a way to deal with the crisis.
Aug 21st, 2013 - 05:42 pm - Link - Report abuse 0The US is losing some currency war imagined by Fido Dido?
Aug 22nd, 2013 - 01:38 am - Link - Report abuse 0Is Brazil winning? How?
I tell you who isn't winning, Argentina whose Blue Dollar just fell below 9 pesos again and India who keeps breaking records almost every day.
People don't want pesos, reals, rupees or any dysfunctional developing countries' currencies. They want developed countries' currencies like the US$, A$, C$, £ and €.
9 yankeeboy
Aug 22nd, 2013 - 09:51 am - Link - Report abuse 0Yes, we would all love to know what Dildo would do! He could always sell his Bitcoin but who would be stupid enough to buy it unless they were going to have it framed as an example to young people of what NOT to do.
He is funny though.
The BRL has been over valued for some time. This devaluation is good news.
Aug 22nd, 2013 - 08:43 pm - Link - Report abuse 0You can't depreciate your way to prosperity.
Aug 23rd, 2013 - 12:49 pm - Link - Report abuse 0http://en.mercopress.com/2013/08/20/the-sliding-brazilian-currency-has-depreciated-18-in-the-last-twelve-months#comment270786: Whether you can or not it is certainly possible to devalue your way to prosperity. In fact this is what the US has been doing for the last 5 years and is the basis for the current halting recovery.
Aug 23rd, 2013 - 08:17 pm - Link - Report abuse 0If its possible why isn't Zimbabwe the richest country in the world?
Aug 24th, 2013 - 09:27 am - Link - Report abuse 0If the USA has depreciated over the last 5 years why hasn't the value dramatically changed against the other major currencies?
I think you need to take some finance and economics classes so you don't keep embarrassing yourself.
16 yankeeboy
Aug 24th, 2013 - 12:51 pm - Link - Report abuse 0It's her speciality AND she says she lives in the USA!
Chris there are a lot of dumb people in the usa too. They voted for Obama twice.
Aug 24th, 2013 - 09:36 pm - Link - Report abuse 018 yankeeboy
Aug 25th, 2013 - 08:51 am - Link - Report abuse 0Yes, point taken. :o)
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