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Thursday, January 07, 2010

Brazil is a Retarded Fellow - Hermano Leitao

Boosting as an emerging superpower, Brazil is in fact a retarded economy and society since it reacts to the global facts more than six months later at least. Due to its ideological paces on economy and its recurrent view to the past traumas, Brazil reacts in a strange delay to everything. Only now, the Brazilian aircraft industry (Embraer) suffers its great downturn as there is no need abroad to its products, while the Brazilian government plays a sissy game with the French government toward the suspicious purchase of military airplanes. The Brazilian stock market is inflated in bubbles originated by over valued papers and boosted fusion squeezed by bankruptcy. The job market also cut almost 500.000 jobs and the government paid a high historical number of unemployed payments. The crisis is on and go on here now.

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