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flatlander_60048

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flatlander_60048

Re: DewDiligence post# 11614

Tuesday, 12/08/2015 11:43:26 AM

Tuesday, December 08, 2015 11:43:26 AM

Post# of 29427
Both factors are certainly influencing conditions in Brazil. Australia, Canada, S. Africa, etc. are all feeling the brunt of the commodity crash. However, Brazil and much of S. America were using the windfall from the trade surpluses to prop up social programs to a greater extent than others. Those programs are crashing and the socialists are being voted out or impeached. Great programs as long as there is money to pay for them. Look what happens when the money runs out.

FL
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