Just As Brazil Hits Rock Bottom, Things Are About To Get Even Worse
by Tyler Durden
ZeroHedge.com
08/11/2015
For anyone who might have missed it, Brazil is in trouble. “Macro imbalances in Brazil are large, the worst in almost a decade. The fiscal deficit at -8.1% of GDP is also at its widest in more than 20 years, with the combined twin deficits now tracking at a disquieting 12.5% of GDP. Brazil stands at a crossroads – both roads involve currency depreciation.”
The Rest…HERE
