IPFS News Link • Activism
"It's All F**ked": Brazil Descends Into Chaos...
• http://www.zerohedge.com,Just yesterday, we said the following about Brazil: It seems as though this country can't get through a single day without some piece of political news or economic data creating confusion and turmoil.
We said that on the way to noting that central bank chief Alexandre Tombini looked set to resign for fear that former President Lula's new cabinet position and attendant promise to "turn the economy around" would lead invariably to government interference in monetary and FX policy.
As regular readers and Brazil watchers alike are no doubt aware, the BRL has been on a veritable rollercoaster ride of late and it's all thanks, one way or another, to Lula.