Economy

xchrom

(108,903 posts)

20. The Brazilian Market Has Had A Horrendous Year

Tue Jun 18, 2013, 06:14 AM

Jun 2013

http://www.businessinsider.com/brazilian-stock-market-2013-6

Riots have broken out in Brazil. Notionally they have to do with an increase in bus fares, but they have to do with bigger issues related to inequality, and how much the government is spending on things like hosting the World Cup.

The Brazilian economy is not well.

All you have to do is look at a chart of the Brazilian stock market (the Bovespa) and see what a horrendous year it's had. It literally had its year peak on the first day of trading, and since then has fallen about 20%.

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