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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: SeachRE who wrote (107482)	9/9/2014 1:36:19 AM
From: Snowshoe	Respond to of 218248

Dreams on hold, Brazil's 'new middle class' turns on Rousseff reuters.com The euphoria over owning a new car only lasts so long. Many Brazilians, including Rocha, face a heavy debt burden with higher interest rates. After buying an apartment and a car, she has been unable to pay off her credit card bill, store debt and personal loans, and is now on a credit watch list. While unemployment remains near historic lows, the specter of job losses looms as businesses including retailers and carmakers begin to cut back. "It was as if these people were overpromised a future that didn't arrive," said Renato Meirelles, head of research firm Data Popular, which surveys Brazil's middle and lower classes. "When it became clear that the growth we saw in 2010 was actually the peak and not just the beginning, people began to worry that their hopes for the future would not be realized."