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Non-Tech : The Brazil Board

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To: Paul Senior who wrote (402)	7/21/2011 3:39:32 AM
From: elmatador	1 Recommendation of 2508

Brazil needs to dismantle the artifacts it put in place between 1930 and 2000. “The very high interest rates that make Brazil unique, impede the creation of large enough balance sheet imbalances that are necessary for a crash. Brazil will still suffer from high interest (and a weak dollar), an artefact of a suboptimal fiscal policy regime. Until more fundamental reform takes place, Brazil promises to be a more boring, lower growth version of its present self,” Volpon states. blogs.forbes.com Two factors prevent Brazil to implement fundamental reform: The oligarchies that will lose out The lower education of the population that can't see the real problems and look only to the surface of the problems, thus not pressing government to reform

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