Brazil's current account deficit more than doubled in July from a year ago, according to the latest Central bank data. The gap reached 9.08 billion dollars in July, while a year ago the deficit was 3.75bn dollars. Read full article
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And Uruguay's PhD in Economic History adviser has stated we need to devalue the URU Pesos to match the Real.Aug 26th, 2013 - 09:31 am - Link - Report abuse 0
Does this idiot not realise he wasted his time at University? There is one thing that ALL investors should realise and is always stated on investments (by LAW) in the UK: your investment can go down as well as up and previous results are no guide to future performance.
Brazil are rapidly making a complete bollocks of their economy because they have no one but the liar Mantega setting policy. What the policy is remains a mystery because they do not publish it so how can the future intentions of possible investors be turned into reality with any confidence: they cannot.
The whole thing is in danger or unravelling big time.