Looking To The Future

By |2015-11-20T11:27:33-05:00November 20th, 2015|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The problem with Brazil is that its central bank has done everything the monetary textbook requires of it. Setting aside that Banco itself is a literal mishmash of public and private interests (what central bank isn’t?), the freefall in the Brazilian economy of late is simply puzzling to the mainstream. Unlike the US or Europe, at least the descent is [...]