Brazilian Currency & Debt Crisis | 358
- Why investor confidence in Brazil has eroded and what it means for the economy.
- The impact of rising debt, floating-rate bonds, and high interest rates on Brazil’s financial stability.
- The government’s proposed solutions and whether they have a chance of success.
Hello Skip.
Thank you for this episode. It is really good and current issue. I live in Turkey, Istanbul. Our economic conditions are worst than Brasil. Offical inflation 45 %, but reality around %90 for 2024. Official monthly inflation on January 2025, 5 %. Reality around 8.5-9 %. Our Goverment constantly selling foreign exchange stock and it is not our money. This is not our foreign currency, they are constantly buying foreign currency from abroad at high interest rates and selling it to the domestic market, trying to keep the foreign exchange rate constant. In this way, they make it seem to the public that there is no crisis. We are living in a big lie. One day and I think it is not so far, looks like we’re going to be in big economic trouble as well.
Thank you once again.
Best regards from Istanbul.
Umit