Brazil's trade deficit soars in February: 6.3bn dollars if first two months of 2014

Saturday, March 8th 2014 - 06:47 UTC

Full article 4 comments

Brazil recorded its largest February trade deficit ever, deepening a trade gap this year that underscores the lack of competitiveness from local industry. The deficit reached 2.125 billion dollars the trade ministry announced. Read full article

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ChrisR
Well, The Liar Mantega, ably abetted by Dilma, has truly fucked with the economy and this is what they deserve.

In fact, this is what they get for screwing around with Mr. Market: he always has the final say.

They are REALLY in the shit now and the way back is going to need a competent incumbent as Finance Minister, not The Liar that they have now.

The “Brazil Cost” is another LatAm thing: the unions have far too much say and influence over society and while that is the case LatAm will always be the joke of the manufacturing world.

They all need a “Blessed Margaret” to castrate the unions and kick out the grafters, even if it means a dictatorship for a period of time until HONEST people can be found to run a democracy.

But you see, that is not what the voters really want. They say they want democracy but they don’t want to WORK, they want all the holidays, etc. that their union can get for them and stuff the economy.
Mar 08th, 2014 - 11:54 am - Link - Report abuse 0
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yankeeboy
Let me guess their solution....wait for it...wait for it....Devalue.
Yep that'll fix everything
I said it will fix everything!
They will devalue their way to prosperity just like Argentina and Venezuela has.

Stupid Marxist Monkeys ruined the only opportunity that had in a generation to make that country civilized.
Mar 08th, 2014 - 03:49 pm - Link - Report abuse 0
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Brasileiro
It's called dry! Thermoelectric need oil.

Let the industry out of it.

https://www.youtube.com/watch?v=fsLM48OCp8g
Mar 09th, 2014 - 12:44 pm - Link - Report abuse 0
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Jack Bauer
@1 ChrisR, referring to the “Brazil cost”, or the “custo Brasil”, I think it is more a consequence of a very heavy taxation system, taxing the hell out of everything in every stage of production and/ or commercialization, the infamous “bi-tributação”, or better, “multi-tributação” and which, inspite of, the Brazilian people get back some of the worst public services in the world.
And then you have the unnecessary but unavoidable costs due to red tape and a very poor infrastructure.....
The only thing that doesn't stop growing in size and cost in Brazil, is the Federal Government.
Mar 09th, 2014 - 09:17 pm - Link - Report abuse 0
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