Charles Blitzer
Charles Blitzer
brazil fiscal forward likely move says time
I think it's likely for the time being that Brazil is going to try to move forward as it says it will on its fiscal program,
authority controlled tantamount whether
It's tantamount to devaluation. We'll have to see whether the authorities can keep the devaluation controlled or not.
chances consequences country elections favor infinitely instincts likely messy money order print spend time
The likely consequence could be very messy elections at a time when the country is most fragile, ... The instincts to print money and spend in order to get the voters' favor will be infinitely increased, and the chances of hyperinflation would go up that much faster.
bigger economy financial impact smaller
This will have a bigger impact on the world's economy and a smaller impact on the financial system,