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Responding to percolating inflation even amid lame economic growth, Brazil's central bank hikes...

Responding to percolating inflation even amid lame economic growth, Brazil's central bank hikes its benchmark rate for the first time in nearly 2 years, lifting the Selic 25 bps to 7.5%. The poor Bovespa - the bank's recently-completed rate-cutting cycle failed to do much for Brazilian stocks, and now it's back to tightening again. EWZ -31.9% over the last 2 years.
Comments (1)
  • DAG1996
    , contributor
    Comments (3066) | Send Message
     
    Contrary to the common belief that all Brazil stocks are doing poorly, take a look at the 5-year chart for $UGP. I've owned them all at some point or another and have found $UGP to be the only good for anything other than trading in and out on the wild swings caused by the Brazil government's unique mix of incompetence and corruption.
    17 Apr 2013, 08:21 PM Reply Like
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