Thursday, 10 March 2016

Too Soon for a Rally: Brazil’s Long Road Ahead (Monica de Bolle, PIIE)

Markets tend to swoon in times of political crisis. It is therefore odd that they are rallying strongly in Brazil by assuming that any change in government would be better than the status quo. Much as one might be tempted to buy into this notion, markets are most likely wrong. When things can’t seem to get worse, they often do anyway.

http://blogs.piie.com/realtime/?p=5455&utm_source=feedburner&utm_medium=%24%7Bfeed%7D&utm_campaign=Feed%3A+%24%7BRealTime%7D+%28%24%7BRealTime%7D%29

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