Brazilian consumers’ confidence at its lowest in more than five years

Tuesday, August 26th 2014 - 07:35 UTC

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Brazil's consumer confidence deteriorated sharply in August to its lowest level in more than five years, the think tank FGV said Monday. The consumer confidence index fell to 102.3 from 106.9 in July. The score was the lowest since April 2009, when it was 99.7. In July, the index had risen strongly from April's 103.8. Read full article

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ChrisR
These people in the government and bank just don’t get it.

Pissing Mr. Market off is going to end in tears: just look at the fiasco’s The Liar Mantega creates every time he opens his mouth and Dumbass Dilma laps it up!

The real problem is they don’t understand WHO Mr. Market is, incredible as it sounds. You can tell what Mr. Market thinks from the 2,000 families that were interviewed:
“It measures the willingness of families to make purchases of various types of consumer goods and gauges expectations about employment, income and economic opportunities”

Yes, the purchasing public ARE Mr. Market and the government still thinks they can control him!

ALL governments who mess with Mr. Market end up being kicked in the nuts as will Brazil: you mark my words.
Aug 26th, 2014 - 11:30 am - Link - Report abuse 0
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Jack Bauer
Mantega is no more than a puppet for Dilma, and since she understands piss-all about economics, be it micro or macro, it follows that Mantega is just an idiot, for selling his soul to the devil.
Aug 26th, 2014 - 06:16 pm - Link - Report abuse 0
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Briton
Perhaps the Brazilian government has other things in store for the future of brazil, rather than the expected growth they deserve..
Aug 26th, 2014 - 07:19 pm - Link - Report abuse 0
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Jack Bauer
If the PT is not ousted in October, things could get pretty nasty. The fact that their popularity is slipping, may not be enough to guarantee a victory for the opposition. But on the positive side, there are more and more rumours, and open letters from the high-ranking members of the Armed Forces, stating that they will not just sit down and cross their arms while Brazil, under the PT, goes to the dogs. The military does not like the PT, and this became very evident after the PT created the Truth Commission to investigate the military's alleged abuses during the Military regime, while at the same time, denying the military the same prerrogative to investigate the actions of the so-called communist freedom fighters, who today hold high positions in government....
Aug 26th, 2014 - 07:56 pm - Link - Report abuse 0
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