Brazil Cut To Junk By S&P, ETF Falls 5% Post-Mkt

Jon Alternative Media, Blogosphere, Economy

It’s not as if the writing wasn’t on the wall, and don’t say we didn’t warn you.
Brazil, whose economy officially slid into recession in Q2 – a quarter during which Brazilians suffered through the worst inflation-growth outcome (i.e. stagflation) in over a decade – and whose efforts to plug a yawning budget gap are complicated by political infighting and a growing public outcry against embattled President Dilma Rousseff, has been cut to junk by S&P.
BRAZIL CUT TO JUNK BY S&P; OUTLOOK NEGATIVE

This post was published at Zero Hedge on 09/09/2015.