Comments for Experts Discuss How Good Is Brazil for Investors at http://www.brazzilmag.com , comment 0 to 1 out of 1 comments http://www.brazzilmag.com Wed, 02 Dec 2009 15:38:53 +0100 FeedCreator 1.7.2 http://www.brazzilmag.com/content/view/7083/1/#pc_4391 The financial world is always ready to lend money to the country paying the world highest interest rates after inflation. Your credit quality improved but you have not reduced the interest rates after inflation : by now your borrowing rate is at around 14 % while inflation is at around 4 % !!!!! NET...around 10 % ! A gift....thank you ! How much more you want ? 50 or 100 billions reais ? More if you wish ! In fact you are so naïve....that you are buying back foreign debts....and to pay for the purchase you issue new local debts. In fact.....you are buying back debts that cost you below 7 % and issue new debts in local currency by paying 14 % or so. Not very clever....in my view. But not be clever and lack of common sense is a tradition in Brazil ! That is why....you are and will remain a developing nation for the mext 2 centuries.....minimum ! If anyone of you borrowed money to 2 banks....one charging you 7 % and the other 14 %. if you can afford a repayment, who will you repay first, the bank that charges you 7 % or the bank charging 14 % ? Common sense would dictate that you would repay first the bank charging you 14 %, but Lula government just do the opposite !!!!!! Isnt that greaaaaat ? - ch.c. Thu, 17 Aug 2006 19:58:33 +0100