Brazil's Depression

[errolanderson]

Time's up for sugarcoating; it's a depression . . . .

http://www.bloomberg.com/news/articles/2016-01-04/brazil-analysts-ring-in-new-year-with-deeper-recession-forecast?utm_content=bufferbda90&utm_medium=social &utm_source=linkedin.com&utm_campaign=buffer

[ajl]

In the words of the zerohedge contributor: "usually countries go broke after the olympics, Brazil goes broke before the olympics". The games could be interesting having swimming in a cesspool. Canada at least waited until after but the same fate awaits us. Brazil elected the socialists in 2011. Canada in 2015. The countdown begins.