Today in Estadão: BC incentiva crédito no momento em que a dívida de brasileiro bate recorde
It's the goverment trying to push the economic cycle beyond its limits. We have seen how its ends.
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Saturday, November 19, 2011
Is the BACEN fuelling the bubble?
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2 comments:
I'm afraid that's the case. I mean, I hope that's true.
You can always find reasons to argue that Brazil credit isn't in a bubble. But that is always what happen to bubbles: most don't realize that they're in.
I remember I've read Greenspan talking at the end 2006 that USA wasn't, by no means, in a bubble. And that we also know how it ended.
http://avaranda.blogspot.com/2011/11/lenha-na-fogueira.html
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