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Is Brazil ready to break out of the "middle income trap" or have its issues been masked by a...
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Monday, April 16, 2012, 4:47 PM ETIs Brazil ready to break out of the "middle income trap" or have its issues been masked by a China-led resource boom and a massive property bubble? "Prices are crazy," says Rio's mayor. Bulls counter that mortgage debt is low, but 100% financing schemes have widespread use, giving "a strong whiff of Fannie, Freddie, and America's subprime."
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