Tuesday, September 13, 2011
Cantando a Bola da Bolha Brasileira
Os selvagens acham que enriqueceram. Mas tem nego cantando a bola, e a festa vai acabar logo logo. Vejam este artigo no WSJ: while foreign investment is mostly a good thing, there are downsides. The abundance of cash has helped fund riskier bank loans and fueled a potential real-estate bubble. By some measures, the Brazilian real is now the world's most overvalued currency, and many local factories aren't competitive in global markets.
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