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Brazil's GDP grows just 0.6% in Q3, far less than forecasts for 1.2%. The punk print is lead by...

  • Friday, November 30, 2012, 7:39 AM ET
    Brazil's GDP grows just 0.6% in Q3, far less than forecasts for 1.2%. The punk print is lead by a steep 2% decline in investment. "If investment doesn't rebound then we are in trouble in 2013," says an economist. Interest rate futures - which had baked in no policy changes for more than a year - are sharply higher, now beginning to price in further rate cuts. EWZ +0.4% premarket.
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    Reuters is reporting that "Sources close to sources in the Brazilian government blame the economic woes on George W. Bush. A spokesperson noted that 'When America goes into cardiac arrest, we die on the table.'"

    Perhaps additional U.S. subsidies for drilling off Brazilian coasts will provide the stimulation needed to jump-start their economy.
    30 Nov 2012, 09:02 AM Reply Like
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