Seeking Alpha

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%.
Comments (2)
  • We taught them well.
    8 Jan 2013, 10:18 AM Reply Like
  • Hugo Chavez and Obama's cronies are everywhere
    8 Jan 2013, 01:08 PM Reply Like
DJIA (DIA) S&P 500 (SPY)