MercoPress. South Atlantic News Agency
Brazil hits back at S&P; says economy is well positioned to new challenges in the global scenario
Brazil's central bank on Tuesday said it will continue to respond to challenges in the international scenario after Standard & Poor's decision to downgrade the country's credit ratings. This includes a rigorous set of macroeconomic policies, a flexible exchange rate regime and the use of liquidity buffers “to smooth out moves in asset prices” the bank said in a statement. Read full article
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Disclaimer & comment rulesThis retort, for that is what it is, smacks of desperation and completely omits any positive statement for the future.
Mar 26th, 2014 - 11:28 am - Link - Report abuse 0“We disagree with this downgrade and will prove our fiscal strength in the coming months” would have been better.
Was the “minister” not aware that Brazil’s money market was expecting this, but not the timing?
So, another liar or another incompetent or both.
In my opinion the risk score should be ZZZ-
Mar 26th, 2014 - 12:00 pm - Link - Report abuse 0Only those who use the rating are the speculators. Or who need dollar.
Brazil needs of agricultural and industrial production.
What remains belongs to the pale-faces of Wall Street and their cronies.
https://www.youtube.com/watch?v=z3-VeOjMj4U
2. If that were the case your country wouldn't be consistently depreciating your currency.
Mar 26th, 2014 - 12:20 pm - Link - Report abuse 0You can't depreciate your way to prosperity
My guess is the rolling blackouts will drive you into recession soon.
Of course Brazil is well-positioned. When you're at the bottom of the cesspit, isn't the only way up? Unless you're not quite at the bottom. Yet!
Mar 26th, 2014 - 12:57 pm - Link - Report abuse 0Energy rationing, water shortages, fiscal deficits, real estate bubbles, election spending, World Cup protests, corruption scandals, Petrobras, inflation.......we are not at the bottom.....
Mar 26th, 2014 - 05:16 pm - Link - Report abuse 0Low growth and high inflation with the army deployed in some cities and things are going WELL?
Mar 26th, 2014 - 08:09 pm - Link - Report abuse 0Damn!
er bottom of the cesspit? Well just below Brazil in the cesspit of global economies is the UK - hahahaha - falling further and further behind into irrelevance and global poodle status for eternity
Mar 26th, 2014 - 08:16 pm - Link - Report abuse 0El Dego, You may want to read this article before you start mouthing off to your betters.
Mar 26th, 2014 - 09:13 pm - Link - Report abuse 0http://www.ibtimes.com/colombia-surpasses-argentina-latin-americas-third-largest-economy-due-inflation-currency-changes-gdp
Colombia is a Spanish speaking country just north of Peru and borders Venezuela NOT to be confused with Brazil - I understand for dim witted Americans brought up on a diet of Fox News and CNN that this (and investment economics) could be considered an acceptable mistake but if you want to discuss international affairs here pls go take some geography lessons
Mar 26th, 2014 - 09:33 pm - Link - Report abuse 0Attending a conference in Los Angeles in the 1970's, I was once asked by an academic if we had electricity in Brasil. He seemed somewhat shocked when I explained that we did.
Mar 26th, 2014 - 10:10 pm - Link - Report abuse 0Returning many times since, I was also informed by a Columbia graduate that the then US President Bush, being in the eyes of said graduate, a dim-wit, did not know anything about Brasil, it's people, and it's history. I informed him that if that were so that our then president Lula, would educate him as the two were having lunch in Brasilia at that very moment.
“ What ? ” came the shocked reply. “ No, actually they get along very well, having had meetings there before. ” More shocked expression, with mouth open.
“ No, that can't be. I've never seen any of that. You're just wrong. ” came the still dumfounded reply. I explained that both meeting in Brasilia, and in Washington D.C. were featured, at least in Brasil, on our Globo TV.
Education, including Geography is a wonderful thing, for all ages.
I do recall one American gentleman that came down to Argentina one time on busines and asking whether Brazil was in Ireland......what can you say when you hear this type of comment? Needless to say of course his business didn't even get off the ground.
Mar 27th, 2014 - 12:07 am - Link - Report abuse 0Well that discourse on education was a-mazing!
Mar 27th, 2014 - 12:31 am - Link - Report abuse 0Now, back to the sputtering, underperforming economy of Brazil that seems to be having more problems that just its education system. I mean after all, the US education system has produced a lot more than ignorant tourists and businessmen and seems to be a contributing factor to outperforming Brazil and every other Spanish or Portuguese speaking country in living standards.
Interestingly enough Latinos make up over 20% of the US population and continue to grow as the US economy benefits from their skills and efforts - but let's not deviate here from that underperforming Brazilian economy that has overtaken the UK economy and at current forecasts will put even more distance between them. Then Mexio is coming closely behind and the poodle UK economy gets overtaken again......the poodle should spend it's time figuring out how to survive rather than dreaming about colonial expansion in Argentinian territory - brazil is going to kick to ass you poodle colonial has been - lmfho
Mar 27th, 2014 - 12:52 am - Link - Report abuse 0Wow you mean a country of 200 million people finally has an economy as large as (not larger) than one with 63 million people.
Mar 27th, 2014 - 03:14 am - Link - Report abuse 0Way to come from behind.
As for Mexico, still smaller than Australia's economy even with 100 million more people.
El Diego, the point is about this article and as you say, is the under performing Brazilian economy. There is no end to the Brazilian Government shooting their foot off every day with their endless populist but unsustainable policy. You're not another one of those Brazilians who don't handle criticism well are you?
Mar 27th, 2014 - 03:47 am - Link - Report abuse 0China and Brazil will 100% trade in local currency by 2020. In support of this measure, my next car will be all Chinese.
Mar 27th, 2014 - 08:00 am - Link - Report abuse 0With that, I'm lowering the rating of the United States and European Union for XXX-
hahaha
Bom Dia Amigo !
Mar 27th, 2014 - 09:07 am - Link - Report abuse 0? But you can buy a 100% Brasilian made car here now. ?
BOTINHO, the car is made in Brasil by a chinese carmaker.
Mar 27th, 2014 - 09:36 am - Link - Report abuse 0Bahahaha
Mar 27th, 2014 - 10:09 am - Link - Report abuse 0Most Chinese cars can't be sold in Australia because they don't meet our safety standards.
So buy away Brasileiro.
@19
Mar 27th, 2014 - 10:59 am - Link - Report abuse 0Chinese vehicles are subjected to impact testing, but at slightly lower speeds.
http://youtu.be/mjq1YDaPxt8
El Dego, I posted that article to remind you of the ridiculous tirade you made a few months ago saying Colombia would never pass Argentina. I guess you don't have a very good memory.
Mar 27th, 2014 - 12:22 pm - Link - Report abuse 0Brazil is faltering, Marxists can only run an economy one way...right into the ground!
The had their opportunity to rise out of the muck this last decade. They couldn't and I doubt they'll have another opportunity in a generation.
In support of Russia, I'm canceling my credit cards Visa and Mastercard.
Mar 27th, 2014 - 12:31 pm - Link - Report abuse 0I'll be alone with my ELO card that is 100% Brazilian.
22. I am sure Visa and Mastercard will be devastated to lose a client with a spending ability of less than U$500/mo.
Mar 27th, 2014 - 12:50 pm - Link - Report abuse 0BTW ELO is a FIS product which is also a USA company.
No, isn't it. ELO card is a Brazilian company. Belongs to Banco do Brasil, Caixa Econômica Federal and Bradesco.....Brazilians Bank.
Mar 27th, 2014 - 01:02 pm - Link - Report abuse 0I do realize you are pretty stupid but you should be able to search on your own.
Mar 27th, 2014 - 01:21 pm - Link - Report abuse 0http://www.fisglobal.com/NEWSRELEASE-2011-05-02-830
http://pt.wikipedia.org/wiki/Elo_Participa%C3%A7%C3%B5es_S/A
Mar 27th, 2014 - 01:34 pm - Link - Report abuse 0ELO is a brazilian company!!!
26. Thanks for that wiki, did you write it yourself? Why don't you read the link I posted and think about it for a little while then tell me I was right.
Mar 27th, 2014 - 01:40 pm - Link - Report abuse 0My best German car ever.
Mar 27th, 2014 - 07:25 pm - Link - Report abuse 0Designed and made in Brasil, by Brasilains. 100%. How much I miss her !
https://www.youtube.com/watch?v=YygQMGQNz_c
its a beauty.......I also like the VW Kombis....maybe one day I will buy one as a back up for the Ferrari when I go surfing in Rio
Mar 27th, 2014 - 09:48 pm - Link - Report abuse 0AaahVolkswagon. German design and German quality control.
Mar 27th, 2014 - 10:32 pm - Link - Report abuse 0Much better choice than Chinese garbage. No matter which poor uneducated labourer is bolting it together.
Only an idiot would take a Ferrari to a surf beach. You'd be walking home.
Well maybe one time u could actually step foot in Rio and one could perhaps assume you actually knew something about the place - otherwise we just continue to think your only knowledge of LA is what you read here from your fellow retrobate posters and catching a few Mercopress soundbites here and there -
Mar 28th, 2014 - 12:24 am - Link - Report abuse 0We also had a Ferrari-like car called a Puma, made in Brasil.
Mar 28th, 2014 - 12:44 am - Link - Report abuse 0Hard-top or convertible, but unlike my VW SP-2, the Puma was also a VW powered car. ( The SP in the SP 2, stands for São Paulo, by the way )
Last year I saw a used convertible model for sale, black on black, on Washington Soares in Fortaleza, CE. I stopped with a friend and spoke to the seller. He wanted only R$ 60,000. 00 for this beauty from the 1970's !
A gringo dream yes, but the Puma was sold to someone 3 weeks later, making at least 2 people happy ( The seller and the buyer ).
A link in English on the Brasilian Puma, with fotos:
http://en.wikipedia.org/wiki/Puma_(car)
By the way, Anglotino is correct. A real Ferrari is not a vehicle to take surfing. The roof racks and dripping salt from the surfboards alone would cause damage, and such sadistic treatment might cause a true Ferrai enthusiast to die immediately of an acute myocardial infarction. I would not take such a vehicle surfing even in California or Hawaii: Too much risk !
( But a Daytona replica, Jaguar XK 150 replica, or a Porsche Speedster replica, perhaps yes ). Enjoy your dreams and make them happen !
Yes yes El Diego. Who is more believable? Me or the guy that would drive a Ferrari to a surf beach. LOL.
Mar 28th, 2014 - 12:48 am - Link - Report abuse 0If the clearance on a Ferrari actually enables you to drive down a road to a surf beach, then that beach ain't worth surfing. Let alone the number of boards that would be dragged down the side of such a poser's car.
El Diego would not have a problem :-
Mar 28th, 2014 - 10:18 am - Link - Report abuse 0http://feberstore.com/store/secure/images/products/2052.jpg
It goes nicely with his stable of :-
http://feberstore.com/store/secure/images/products/2052.jpg
So he can afford a Ferrari but not a VW bus? Shees what an idiot.
Mar 28th, 2014 - 11:17 am - Link - Report abuse 0Plus I am darn sure a Ferrari wouldn't make it from BA to Rio, it would either breakdown on the road or someone would steal it and kill the passengers.
Poor Dego, he thinks none of us have ever been to SA. I lived there 5 years and never saw a Ferrari on the streets of BA or GBA. Not once not ever.
Yankee - I am afraid after reading all your posts and insights into Latin America you certainly did not live there for 5 years and at best had a short vacation somewhere in Latin America probably somewhere in Mexico close to home. There are many Ferraris in Buenos Aires and once again another statement from you confirming your Texan ignorance about Argentina - given your penchant for links here is one of guess what? - yes a ferrari in Buenos Aires:
Mar 28th, 2014 - 01:53 pm - Link - Report abuse 0http://www.youtube.com/watch?v=4Cf0rqhRmO0&hd=1
and here is the dealer where I get my own one serviced
http://www.youtube.com/watch?v=4Cf0rqhRmO0&hd=1
so try to wtach less of Fox news and CNN and reading too much into Merco Press headlines and listen to people who really know the geography and maybe you may grow to like the place and the people and even make money on your investments
I didn't say they didn't exist, I said during the 1/2 of a decade I lived there I never saw one on the road. Not once not ever.
Mar 28th, 2014 - 02:04 pm - Link - Report abuse 0I lived in BA and GBA for 5 years. Until the crime in my GBA (znorte)neighborhood got so bad I didn't feel safe any longer and came back to civilization.
I was on tourist visa the whole time, so to maintain status I left Argentina every 3 months and visited every country in SA except Venezuela and Paraguay.
I am sure I know Arg and SA much better than you.
Well I am living in Argentina and I dont think I can make much judgements about what goes on in Texas because I go to Houston 3 times a year and watch CNN from time to time..............I must say I feel more threatened in USA streets than I do in Buenos Aires
Mar 28th, 2014 - 06:55 pm - Link - Report abuse 038. That just confirms you are retarded.
Mar 28th, 2014 - 06:58 pm - Link - Report abuse 0I do know of someone who in his Brasilian car collection, includes a Ferrari.
Mar 28th, 2014 - 08:27 pm - Link - Report abuse 0He took it out one morning on the R-116, and before he was in 3rd gear hit debris or a pothole and punctured his tire, or pneu as it is called here.
In sight of a police road check station, he received his second slap as we say in the form of a speeding citation.
You can have a Ferrari, Porsche, or Lamborgini here: You just can't speed.
well I just happened to come across the average IQ of USA people by state and quite clearly Texas is in the lowest part of the table............no surprise there then and I must admit I make my best business deals with Texans...............now I understand why its so easy taking their money
Mar 28th, 2014 - 08:29 pm - Link - Report abuse 0http://chrisevans3d.com/files/iq.htm
I am already thinking about a new business idea - a school with the abc of economics and international investments for Texans
41. That's probably because there are so many Rgs there. Don't worry they don't do any of the thinking merely the jobs americans don't want to do.
Mar 28th, 2014 - 08:33 pm - Link - Report abuse 0BTW Nobody is going to take economics lessons from an Rgs do you think we ant a crisis every decade that makes most of us poorer? No thanks, but thanks for the laugh.
Thanks for that totally off topic diversion. First off, no one here is Texan.
Mar 28th, 2014 - 08:49 pm - Link - Report abuse 0Secondly, if you can make money in the US , then do so. All you have now proven is that the US is welcoming of investment and legally trustworthy enough to invest in.
I'd never invest in Argentina because there are literally dozens of other countries where the returns would be higher (and easier to repatriate) and the government more trustworthy.
I am quite happy to say I do not own a Ferrari and will never be able to. I'm satisfied with my Subaru and living 500 metres from a tram stop. However I am proud to say that I sleep with my bedroom windows wide open and feel totally safe. And that I regularly leave my house unlocked when I walk the dog or go to the shops.
Oh and Bell's Beach is an hour away. No Ferraris there either.
Its not so much the USA is so welcoming of investors but rather they are so gullible/stupid and too quick to run and invest in things they dont know about and then when they lose all their money they start blaming the country, the economy, corruption, politicians, etc when the real problem is themselves and getting their investments and timing wrong. I have been very successful and have the Ferrari, penthouse apartment, polo ponies, wine farm, etc etc because I understand the risks of investing in Latin America and know when to be in and when to be out unlike foreigners who are on here telling everybody to stay away when many companies have been making a fortune in the past two years in the oil and gas industry (including smarter Canadian and European ones) and getting USD out of the country..........by they way if you have ever been to Rio you would know the surfing spots there and you may have even spotted my Ferrari...........
Mar 28th, 2014 - 09:02 pm - Link - Report abuse 044. My toilet is gold and my cat wears diamonds.
Mar 28th, 2014 - 09:04 pm - Link - Report abuse 0See how easy it is to lie on the internet!
Didn't take but a sec.
my friend you are welcome to come and visit me in my apartment or join me in a trip to Neuquen and I can show you all those rigs working or come along to my next polo chukka..............I give you an open invitation but oh yes I forgot you are not even in the country but up north watching fox news......thats a pity because tonight Friday we will have a lovely asado at the casa rosada and I will think of you all - potential investors in my country - you are very welcome!
Mar 28th, 2014 - 09:21 pm - Link - Report abuse 0Sweetie, Puerto Madero is gross it is for low class people who have acquired some money they have no class I think Rgs call them groseros, people that play polo in Argentina don't live there.
Mar 28th, 2014 - 09:27 pm - Link - Report abuse 0I guess you forgot I actually lived there.
I had the life you are pretending to have.
But I am American and for me it was cheeeeep!
BTW tell me who you know at the Jockey Club because that's where I hung out when I lived there since it has a reciprocity agreement with my club in the USA.
You drive your Ferrari all the way from Argentina to Rio to go surfing?
Mar 28th, 2014 - 10:08 pm - Link - Report abuse 02,600kms all the way to Rio and you literally drive past the best surf beaches in Santa Catarina.
PMSL. You are pure gold El Diego.
Its clear he has no clue what he's talking about. The roads to go from ba to Rio are treacherous nobody in their right mind would drive them especially in an expensive impossible to fix delicate sports car.
Mar 28th, 2014 - 10:49 pm - Link - Report abuse 0I had an Italian sports car in my 20s it was gorgeous but not reliable every time I went over uneven pavement I had to adjust the spark plug covers because the engine would misfire.
I had a chat about puerto madero with Paul. Its simply awful, terrible buildings and its filled with the same type of low class uneducated wannabes from Argentina that go to Miami for vacation. Horrible horrible people.
Novo Rio has a few good rights here and there, but Rio itself is not exactly the perfect surfing location, for either short or longboards. Body surfing perhaps.
Mar 28th, 2014 - 10:52 pm - Link - Report abuse 0Irmão, 2,600 km one way up the coast using a Ferrari ! That would be a memorable trip for the driver, locals, and the car thieves. But I would not write that into any sound investment portfolio description.
Bell's Beach: Ah, Memories. Taken there in a older Porsche Carrera, with our two surf skiis on top racks (mine and the driver's-wave rider type, not the 10 m Surf Lifesaver type) a few decades ago.
Serious Monster waves when conditions are good, and despite a few “ wog ” comments by one or two rat bags, a good friendly, crowd there.
El Diego is clearly a bigger laugh than the current edition of Dany Berger.
Mar 29th, 2014 - 06:32 pm - Link - Report abuse 0I bet he is 14 YO and dreaming boyish dreams.
He will claim to have had sex with every woman under the age of 25 between BA and Rio next!
However, in Punta Del Este I personally know of three Ferraris and two Ducati 1098 Panigales. The Panigales are USD55,000 here in Uruguay, one guy owns TWO of the Ferraris and the other guy the third.
AND, they are retired Argentines about 40 – 45 YO and great company but cannot ride the bikes for toffee. Don’t know about the cars, at my age I couldn’t get out of any Ferrari. :o)
El Diego: wipeout!
Mar 30th, 2014 - 04:49 am - Link - Report abuse 0BOTHINHO: Sorry about ratbags. Next time you're down this way I suggest Margaret River on the other side of the continent. BIG surf and a better class of ratbag.
Ah Punta - haven't been there for a while now but do have a beach house out in San Ignacio where we shoot fashion videos for a business that my Brazilian girlfriend runs for me......I have an American partner from New York who much smarter than the average gringo dimwit loser on this site - he doesn't complain about the people, culture, economy, corruption and is making a fortune and he goes to Punta every year and runs around in a Lamborghini - he is very successful and great business partner
Mar 30th, 2014 - 12:30 pm - Link - Report abuse 0Commenting for this story is now closed.
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