Too Bearish on Brazil: Ruchir Sharma in Foreign Affairs
Friday, April 27, 2012The recent Foreign Affairs article “Bearish on Brazil” lays out a quite pessimistic view of Brazil. For the author, Ruchir Sharma, the Brazil fuss has risen and will largely fall with commodities. Brazil’s policies of high interest but low investment rates, as well as high taxes and a large welfare state, mean that its “commodity-driven surge will soon begin to wash away.” Read more »







