[Cincinatus' Wife]

I saw the transition from hyperinflation to the real, and it was all very discouraging. The problems are endemic: lack of property rights, unfair & unworkable tax codes (I had a client who bragged that he actually paid all his taxes... now there's a unique individual) and, the cause of it all, populist politics. Brazil is truly a case of how democracy can go wrong. They've practically copied our constitution, but they're weak on the bill of rights.

If Lula wins, I predict he'll pull a Chavez and just do whatever he wants.

I'll go check out Forbes.

[nicollo]

Today's Financial Times has a piece on the rise in prices in S. FLA real estate, largely due to Venezuelan and other South American influx. I guess the "dame dos"'s are back!

It says the Venezuelans have taken over the Doral area (damn, I guess I can't afford the Blue Monster anymore...).

Sorry, I don't have a link to the article.