Sunday, November 09, 2008

Brazil demands reform

Brazil is on the tapes demanding "sweeping global financial overhaul" as the financial meltdown has taken its toll on Emerging countries. Although I agree with this I think it is always important to get your own house in order before you begin throwing stones. As I have written here there are many Brazilian corportes that took outrite risk, speculating on a stronger currency. This risk did not pay off and there has been a big spillover effect to the market. "Sweeping" changes should start at home and move on from there.

To read the story on




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