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.
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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