Posts Tagged ‘brazil’

Renminbi Not Ready For Prime Time

The meme of the month seems to be the toppling of the almighty dollar in favor of China’s renminbi or possibly some yet to be invented world currency administered by Lord knows whom. No less a notable than Nouriel Roubini has predicted this turn of events. Recall that the Chinese started all of this several […]

In Brazil They Know How To Deal With Bankers

Barney Frank eat your heart out. From the WSJ: Brazilian President Luiz Inácio Lula da Silva removed the chief executive of Brazil’s largest public-sector bank hours after commenting on his frustration over high interest rates charged to consumers. The replacement Wednesday of Banco do Brasil President Antônio Francisco Lima Neto by order of the nation’s president has […]