EUARTE

Friday Outlook: Commodities, Emerging Markets

Yes, Soviets. Putin is a Soviet thug.

If Commodities Falter, Export Reliant Currencies Could Follow

It will take longer for the Real to weaken because the country has huge reserves. Nonetheless, reserves don't last forever.

One should also keep in mind that Brasil must pay off overly generous interest rates on it's bonds. In addition, one must remember that Brasil, for all it's recent progress, is mostly a third world country with most the population still in this mode. When commodity sales lessen it has little to fall back on.