Quote:
Originally Posted by theunbrainwashed
It is. These are the same people who rated the U.S. banks AAA+. Pay no attention to them. Brazil needs to raise interest rates even more to cool down the property and mortgage market, and institute tougher regulations for the banks, otherwise Brazil is going to become another bubble that's going to pop and a lot of the progress it's made will be flushed down the toilet.
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What Brazil NEEDS is more transparency in the government and better education. With that, people would be smart enough to know what needs to be done for the country, but would not be able to skirt off the top like they have been doing for so long.
And also, our whole world system is built on booms and busts, which spur growth and a diversity in fields for different venues for profit.
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