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Swimming naked in Brazil's bubbly waters
The Telegraph ^ | 4/15/2012 | Ambrose Evans-Pritchard

Posted on 04/15/2012 9:26:18 PM PDT by bruinbirdman

Brazil is the country of the future and always will be, as the old saying goes.

The Latin Tiger may have overtaken France, Italy, and Britain to become the world’s fifth largest economy on some measures but it has also been relegated to 126th place by the World Bank for 'ease of doing business', behind much of Africa. Cyclical warning signs are flashing amber across the board.

It is far from clear whether this 195m-strong cub of the BRICs quartet has broken out of the "middle income trap" after half a century of tantalizing efforts, each dashed by events.

Has Brazil’s profile been flattered once again by a resource boom, this time juiced by exports of iron-ore and soya to China, and a property bubble of Irish proportions?


Luiz Inacio 'Lula' da Silva

The jury is out, even if we all accept that Luiz Inacio 'Lula' da Silva - ex-Fiat car worker turned apostle of orthodoxy - did slay inflation and establish Banco Central do Brasil as the Bundesbank of the Americas, and if we accept that the deep-water fields of the Campos Basin will eventually turn Brazil into the world’s fourth largest oil producer.

Frank’s global survey shows that Brazil’s house prices rose 26pc last year, leading the world by far. The global average was 0.5pc.

"Prices are crazy," said Eduardo Paes, Rio’s mayor. Even 'favelas' are frothy as developers close in. A good slum is worth a four-bedroom house in Arizona - if you can prove ownership.

"Brazil is experiencing a typical housing bubble," said Samy Davy from the Getulio Vargas Foundation. "It risks widespread damage to the Brazilian financial system and economy as occurred in the US."

This is a hotly-disputed subject, explored on websites such as 'bolha imobiliaria' and 'Brazilian bubble'.

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; News/Current Events
KEYWORDS: brazil

1 posted on 04/15/2012 9:26:22 PM PDT by bruinbirdman
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To: bruinbirdman

2 posted on 04/15/2012 9:41:09 PM PDT by Bratch
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To: Bratch

Me likey!


3 posted on 04/15/2012 9:44:59 PM PDT by EEGator
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To: Bratch; a fool in paradise

2nd from left in the top row is a man, baby!


4 posted on 04/15/2012 9:45:50 PM PDT by Revolting cat! (Let us prey!)
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To: Bratch

2nd from left in the bottom row is GUILTY!


5 posted on 04/15/2012 9:47:05 PM PDT by Revolting cat! (Let us prey!)
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To: Revolting cat!

Still nude...


6 posted on 04/15/2012 9:48:02 PM PDT by EEGator
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To: Bratch

I see you had the pool stocked...


7 posted on 04/15/2012 9:56:28 PM PDT by null and void (Day 1181 of America's ObamaVacation from reality [Heroes aren't made Frank, they're cornered...])
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To: bruinbirdman

5th largest? no way!

so how are they counting it now?

USA
china
japan
germany
brazil

???

like that?

Lets see, how long before they are third then? Maybe another 5 years? 10 years? It sure would be something if the top 3 in the world could be USA, brasil, mexico.


8 posted on 04/15/2012 9:58:12 PM PDT by mamelukesabre (I take Olive Oyl on me spinach. She said she didn't go in for that kinky stuff but she does now)
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To: mamelukesabre

Brazil has been busy drilling the oil that we pay them to drill that Brackbrak prohibited US from drilling for offshore.

His bud-buddy Soros made out like a bandit on the crony socialism deal.


9 posted on 04/15/2012 11:10:21 PM PDT by a fool in paradise (Barack Obama continued to sponsor Jeremiah Wright after he said "G.D. AMERIKKA!"Where's the outrage?)
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To: Bratch

AQhhhhhhhhhhhh. p-i-c-t-u-r-e-s is what this thread needed!


10 posted on 04/16/2012 4:07:46 AM PDT by carriage_hill (I'd vote for a "orange juice can", before 0bummer&HisRegimeFromHell, gets another 4yrs. Can-> later.)
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To: mamelukesabre

I thought California was the world’s 5th largest economy?


11 posted on 04/16/2012 4:09:29 AM PDT by carriage_hill (I'd vote for a "orange juice can", before 0bummer&HisRegimeFromHell, gets another 4yrs. Can-> later.)
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To: mamelukesabre

Sorry; it’s the 8th:

http://en.wikipedia.org/wiki/Economy_of_California


12 posted on 04/16/2012 4:10:50 AM PDT by carriage_hill (I'd vote for a "orange juice can", before 0bummer&HisRegimeFromHell, gets another 4yrs. Can-> later.)
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To: Bratch

Re your pic: They all seem to be hiding something!


13 posted on 04/16/2012 5:35:21 AM PDT by Pearls Before Swine
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To: bruinbirdman

Glad I read the article. For what it’s worth, it’s illegal to nude sunbath on Ipanema or Copacabana... : )


14 posted on 04/16/2012 5:49:25 AM PDT by Caipirabob (I say we take off and Newt the site from orbit. It's the only way to be sure...)
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To: a fool in paradise
Brackbrak?

More like Broke-Barack Mountain (of debt)

15 posted on 04/16/2012 5:59:16 AM PDT by null and void (Day 1182 of America's ObamaVacation from reality [Heroes aren't made Frank, they're cornered...])
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To: bruinbirdman

They’ve been predicting that Brazil would become the world’s next economic superpower for my entire life, and we’re past halftime at this point.

It always seems to get screwed-up by standard issue Latin American politics. Huge numbers of poor people, who are agitated and aroused by Communists whenever “the 1%” start doing better as the country begins to develop. They then vote en-masse for the most Socialist guy on the ballot, shutting down the development and taking the country back to Square One.

The only country which seems to have escaped this dynamic is Chile, largely because Pinochet had all of their Socialists tossed into the sea.


16 posted on 04/16/2012 7:47:47 AM PDT by Buckeye McFrog
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Click his tootsies!

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17 posted on 04/16/2012 8:12:01 AM PDT by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
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To: Buckeye McFrog
"largely because Pinochet had all of their Socialists tossed into the sea."

Would Pinochet have let the Commies of the hook if they had just called themselves Progressives?

yitbos

18 posted on 04/16/2012 1:37:03 PM PDT by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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