MercoPress. South Atlantic News Agency
The pending fiscal adjustment dominates the final stretch of Brazil's presidential race
Brazil heads into the October 4 general election with a growing economy and unemployment at record lows, but with one debate dominating the campaign's final stretch: the cut in public spending that analysts and business leaders agree will fall to whoever wins, whether President Luiz Inácio Lula da Silva or Senator Flávio Bolsonaro. Read full article
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Disclaimer & comment rulesI don't know where you neoliberals get these ideas. The default rate in the Brazilian financial system is 4.9% (as of July 26), not the 27% claimed in the article.
Sep 21st, 2026 - 08:34 am - Link - Report abuse -3Regarding indebtedness, I’d like to ask: in your country, are purchases of homes, cars, and farms made with a lump-sum payment or through installments/financing?
In a country where 73% of families own their own homes, high debt levels are natural, since the vast majority of home purchases are financed. That is the case in Brazil. Paying rent would be worse!
The problem for the neoliberal media is that, wherever the people hold sovereignty, the financial gains from stock market and derivatives speculation wither away. And that is unacceptable to the parasites who feed on the population's poor living conditions to build their own houses of cards.
In conclusion, Brazil's traditional media outlets (Globo, Estadão, Folha) are all linked to the Faria Lima financial market.
https://www.bcb.gov.br/estatisticas/estatisticasmonetariascredito
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