This Chart Depicts Brazil’s Stagflationary Nightmare
By Tyler Durden
On Sunday, millions of Brazilians
We’ll leave you with the following passage from Goldman’s Alberto Ramos who always does a nice job of cataloguing everything that’s wrong in the country:
We expect the economy to continue to face strong headwinds from exigent financing conditions, high inflation, significant labor market deterioration, higher levels of inventory in key industrial sectors, higher public tariffs and local and federal taxes, high levels of household indebtedness, weak external demand, soft commodity prices, political uncertainty and depressed consumer and business confidence.
No wonder they are mad…
Source: This Chart Depicts Brazil’s Stagflationary Nightmare
Posted March 14th, 2016 in Uncategorized.
