Brazil Archive

Brazil

[Skip to the end] Rates high, deficit up, state sponsored lending that’s functionally a fiscal transfer more than making up for the drop in private sector lending. Looks good! Brazil: Rates: Currently at 8.75%. Down from cycle high of 13.75% in January 2009. UE Rate->FF Rate”> Brazilian Development Bank Lending has been ...Read More

Brazil Lula Vetoes Spending Limits for 2010 Budget, Estado Says

[Skip to the end] Brazil seems to be catching on? Brazil Lula Vetoes Spending Limits for 2010 Budget, Estado Says August 14 (Bloomberg) — Brazil’s President Luiz Inacio Lula da Silva vetoed 20 items in the guidelines for next year’s budget that sought to curtail government spending on public works, O Estado ...Read More

U.S. Federal Reserve Extends Swap Line with Brazil Central Bank

[Skip to the end] Wonder if they’ve used it? In my humble opinion lending them $30 billion unsecured is a high risk proposition. U.S. Federal Reserve Extends Swap Line With Brazil Central Bank June 25 (Bloomberg) — Brazil’s central bank said today it has extended an agreement to access up to $30 ...Read More

Brazil Discovery May Contain 8 Billion Barrels of Oil

[Skip to the end] About 90 days of world consumption. Exxon’s Brazil Discovery May Contain 8 Billion Barrels of Oil by Joe Carroll Mar 13 (Bloomberg) — Exxon Mobil Corp.’s oil discovery off the coast of Brazil may hold enough crude to rival the nearby Tupi prospect as the Western Hemisphere’s largest ...Read More

AFP: Burning up more food for fuel

[Skip to the end] The monetary system will burn up the world’s food supply for fuel until the marginal individual about to starve to death has enough political influence to stop the process. I’m pretty sure that’s not the millionth one to die of starvation. And probably not the ten millionth. As ...Read More