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Brazil's Bovespa continues to drop, -0.8% today as VALE, already stung by diving earnings, has...

Brazil's Bovespa continues to drop, -0.8% today as VALE, already stung by diving earnings, has its $5.9B potash project in Argentina threatened by Kirchner's shenanigans. Brazil's banks are also booking losses as the country enters the "not fun" part of a consumer credit boom. On the plus side, the central bank is aggressively cutting rates. The divergence between Brazil and the S&P.
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Comments (2)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Just drop rates to zero, borrow from the ECB, sell some bonds, seize some assets.
    Don't worry about job's, they are not needed for a recovery, because we are clearly in a recovery. Or, did they not get the memo due to a punctuation error?
    27 Apr 2012, 03:36 PM Reply Like
  • gilgi
    , contributor
    Comments (18) | Send Message
     
    The Kirchner "MACHINE" is showing that every social, economic, and political move they make is their "revenge" against the middle and upper class by controlling any means of production,media information,and banking and power in all levels of government.
    27 Apr 2012, 07:56 PM Reply Like
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