Tag Archives: Brazil

Brazil Rising

Posted on December 12, 2010 by macromon

Great 60 Minutes piece on Brazil tonight.   Lula looks great!  But who wouldn’t if they were leaving office with a 70 percent approval rating.   Check it out.

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China Rising: THE MARKET for Exports

Posted on November 20, 2010 by macromon

We thought these charts of export markets from Barclays Capital to be very illustrious of the dynamic changes taking place in global trade.  China is becoming a larger export market than the U.S. for many countries, including Australia, Brazil, Korea, … Continue reading →

Posted in BRICs, China, Equities, Geopolitical, Policy, Politics | Tagged , , , , , , , | 4 Comments

Dilma Rousseff – “The last time there was a series of competitive devaluations…it ended in world war two.”

Posted on November 9, 2010 by macromon

These are harsh words from Brazil’s president-elect Dilma Rouseff, who was speaking at a joint press conference with outgoing president, Luiz Inacio Lula da Silva last Wednesday.  She joins a chorus of world leaders condemning U.S. monetary policy and sets … Continue reading →

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Rousseff Promises Continuity of Brazil’s Economic Policy

Posted on October 31, 2010 by macromon

With almost all the votes counted, Dilma Rousseff was elected Brazil’s first female president, with 56% of the votes versus 44% for her opponent, Jose Serra of the Brazilian Social Democrat Party.    The Miami Herald reports, Dilma Rousseff, a former … Continue reading →

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Fed creating “grave distortions” – Brazil Central Bank

Posted on October 18, 2010 by macromon

Brazil is considering additional measures to keep the Real from appreciating  any further.  We like the Economist’s Big Mac Index, which is based on the concept of purchasing-power parity, to get a sense of the over/undervaluation of a currency.  The … Continue reading →

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Geithner’s Naughty List?

Posted on October 10, 2010 by macromon

Look no further than the Economist’s Big Mac Index to understand who is on the Treasury’s Naughty List.  It uses July exchange rates,  so a bit dated as the most recent currency moves are not included. Interestingly,  Japan and Brazil … Continue reading →

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Rio’s $5.00 Big Macs and the Danger of Dutch Disease

Posted on October 10, 2010 by macromon

Things are getting expensive in Brazil, especially the price of a Big Mac!  Last time we were in Brazil, Big Mac’s were offered at the equivalent of $US.70 at the same time they were bid at US$2.75 in New York. … Continue reading →

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Fed, ECB throwing world into chaos – Stiglitz

Posted on October 5, 2010 by macromon

These are the headlines from an earlier Reuters report.   Joe Stiglitz is one smart dude (OSD) and was the World Bank’s chief economist during the 1997 Asian Financial Crisis and 1998 Russian Debt Default.   He says the ultra-loose monetary policy … Continue reading →

Posted in Black Swan Watch, Bonds, BRICs, China, Commodities, Credit, Currency, Geopolitical, Gold, Monetary Policy, News, Policy, Politics | Tagged , , , , , , | 3 Comments

John Bull’s Tsunami of Dollars Flood the Copacabana

Posted on October 1, 2010 by macromon

We have written how “the tide of yield seeking capital flows will surge” as John Bull can stand many things, but he can’t stand two zero percent. One recipient of John Bull’s dollars (managed by PIMCO)  is the Brazilian bond … Continue reading →

Posted in Bonds, BRICs, Commodities, Currency, Equities | Tagged , , , , , , | 5 Comments