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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Wyätt Gwyön who wrote (81232)7/12/2008 9:30:43 AM
From: THE ANT  Read Replies (2) of 116555
 
I think Brazil rates are so high for many reasons:like Germany they had hyperinflation and are now serious about inflation control,next easy money in Asia and US is forcing them to slow their growth to minimize the impact of world inflation,also there are many structural barriers in Brazil which limit the amount of growth without inflation,finally there is incredible pent up demand in Brazil as for years there was no credit at all-you paid cash or traded(ex-a car and club membership with an apt for a house)
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