Klaus Hart Brasilientexte

I am confused by the Brazilian conjuncture. Recovery indexes are like a see-saw. Investors travel on quicksand.

With regard to the dollar, the Central Bank reminds me of my grandfather and his dog Nero who would get agitated when locked up in the back yard as a visitor approached.  He would angrily loosen his collar and leash in his kennel and would jump on the stranger. My grandfather would smack him apologetically.

The truce didn’t last. Nero would once again jealously growl and attack the person.

The dollar goes up, the Central Bank tries to lower it, foreign investors show signs of abandoning the Brazil ship, the government gives advantages and makes optimistic speeches.

http://www.welt-sichten.org/artikel/221/der-hoelle-hinter-gittern

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