Struggling to meet its budget targets amid disappointing tax revenue, Brazil changes the rules,...


Struggling to meet its budget targets amid disappointing tax revenue, Brazil changes the rules, calling about $20B of spending, "investments," and excluding it from the budget goal.  EWZ - dominated by Petrobas, Vale, and the big banks - fell nearly 5% last year even as the central bank furiously cut rates. Small caps (BRF) fared better, up more than 15%.
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Comments (2)
  • wyostocks
    , contributor
    Comments (9103) | Send Message
     
    We taught them well.
    8 Jan 2013, 10:18 AM Reply Like
  • Remyngton
    , contributor
    Comments (343) | Send Message
     
    Hugo Chavez and Obama's cronies are everywhere
    8 Jan 2013, 01:08 PM Reply Like
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