Tuesday, November 10, 2015

Paradoxically, economists say the same policies that lifted millions of Brazilians from poverty in recent years also helped fuel the inflation now eroding their living standards. Brazil’s labor productivity has badly lagged behind most other emerging economies, underscoring the shaky foundation on which the new middle class was built.
Rising inflation, taxes and unemployment threaten to derail what Brazilian leaders have extolled as a transformation of the country’s society and a reduction of its…
wsj.com|By Paul Kiernan

89 comments
 The current federal Administration is a bunch of incompetents and crooks, they ruined the Brazilian economy causing a brutal recession, inflation, unemployment and widespread starvation
 Our main problem is that our politicians, our president and ministers don't respect market or economic laws.

They basically believe that they can just print money and that's it: we have successfully solved the poverty!