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Brazil's Surging Currency Figures in Election
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Brazil's currency, the Real, moved up to 1.7 per 1 US dollar, on the eve of the Presidential election in the first week of October 2010. Brazil's overnight interest rate of 10.75% attracts speculative foreign capital in the carry trade, where investors boorow cheaply in the US and Japan and invest it in Brazil. The central bank has kept these rates high to finance a current account deficit of $46 billion in 2010 -which is forecast to hit $60 billion in 2011- and to finance a high level of government spending. This spending is likely to continue with Ms Rousseff as the new President, as Rousseff plans to invest in infrastructure such as bullet trains and river dams, as well as the FIFA world cup and the Olympics. Government spending has increased by 18% so far in 2010. Exporters are affected by the artificially high value of the Brazilian real. Goldman Sachs economist, Alberto Ramos, says the real is overvalued by 55% compared to its fair value of 2.65 to 1 US dollar, based on a computer model that incorporates factors such as trade, inflation and productivity. Sao Paulo is already the most expensive city in the Americas, according to one survey.
Brazil's central bank and the Real
10/02/2010
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Central Bank Acts to Strengthen Brazilian Real
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Brazil Raises Key Interest Rate
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Brazil's Surging Currency Figures in Election
Wall Street Journal 10/02/2010
Corrosive Inflation Eats at Developing World
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Problems President Luiz Inacio Da Silva leaves to the new Rousseff administration in Brazil
10/02/2010
High spending by the Da Silva adminsitration, volatile foreign money inflows, and an overvalued currency raise serious questions about the Brazilian economy under newly elected President Rousseff.
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Infrastructure Enthusiasm Builds in Brazil
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Thousands Gather for Protests in Brazilâs Largest Cities
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Middle-Class Brazil Finds Its Voice in Protests
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Brazil's President Offers Referendum
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Brazil's New Middle Class Takes to the Streets
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Brazil’s disappointing economy: Stuck in the mud
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Bubbles developing in many countries in 2010-2013
01/17/2009
China being the largest bubble developing in mid 2010. The other bubbles developing in Brazil, Canada, India, and Australia.
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Central Bankers Hone Tools to Pop Bubbles
Wall Street Journal 07/08/2013
Mom-and-Pop Investors Bolt Emerging Markets
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New York Times 08/22/2013
Recognizing Bubbles But Still Cautious About Deflating Them
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Canada Grapples With Housing Bubble Risk
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Where Will the Next Financial Bubble Be?
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Brazil's 2010 elections.
09/09/2010
Grouped Articles
New Candidate Set to Join Brazilian Presidential Race
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The Lula Lieutenant Calming Business in Brazil
BusinessWeek 09/09/2010
Brazil's Surging Currency Figures in Election
Wall Street Journal 10/02/2010
Brazil's presidential election: Lula's legacy
Economist 10/02/2010
Brazilian Leaderâs Protégée Likely to Prevail in Election
New York Times 10/02/2010
Brazil's exports and the value of the Brazilian currency the Real
10/02/2010
Grouped Articles
Wall Street Journal 09/13/2011
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Brazil Real Has Further to Fall
Wall Street Journal 08/16/2013
Brazil's Currency Slides to New Low
Wall Street Journal 08/19/2013
Mom-and-Pop Investors Bolt Emerging Markets
Wall Street Journal 08/22/2013
Brazil Struggles With Weakening Currency
Wall Street Journal 08/23/2013
Brazil's economy in 2010-2015
01/03/2010
Grouped Articles
Latin America Boom Starts to Fade
Wall Street Journal 05/30/2013
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Thousands Gather for Protests in Brazilâs Largest Cities
New York Times 06/17/2013
Brazil, Fortune and Fate Turn on Billionaire
New York Times 06/23/2013
Brazil's New Middle Class Takes to the Streets
Wall Street Journal 06/25/2013
Brazil’s disappointing economy: Stuck in the mud
Economist 06/27/2013
Extreme volatility for currency and stock market values in Brazil- 2009-2014
01/22/2009
An 80% rise in the Bovespa index for 2009 right on the heels of a global financial crisis, and a 35% rise in the value of the Brazilian real, are signs of the wild swings that are now taking place in the global economy.
Grouped Articles
QE2-Inspired Stock Rally May Soon Disappear
Wall Street Journal 08/08/2011
Wall Street Journal 09/13/2011
Latin America Boom Starts to Fade
Wall Street Journal 05/30/2013
No Ticker Tape Parade for Brazil's Currency Heroes
Wall Street Journal 06/06/2013
Brazil Real Has Further to Fall
Wall Street Journal 08/16/2013
Brazil's Currency Slides to New Low
Wall Street Journal 08/19/2013
Brazil skills and engineering shortages a constraint for growth
07/02/2008
Brazil's education system is not doing its job as there is a severe engineering shortage and workers skills and education are lagging badly. large companies have their own training programs to make up.
Grouped Articles
Anger Spills Onto Brazil's Streets
Wall Street Journal 06/18/2013
Peterson and Hanushek: The Vital Link of Education and Prosperity
Wall Street Journal 09/11/2013
As Demand for Education Rises in Brazil, For Profit Colleges Fill the Gap
New York Times 06/19/2014
Wanted: Skilled Workers for a Growing Economy in Brazil
New York Times 07/02/2008
Economist 05/20/2010
Educational Gaps Limit Brazil's Reach
New York Times 09/04/2010
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