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June 30, 2011

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James Miller

Yeah right Brazil up and coming. The people pay some of the highest interest rates in the world, and all they have done is expand credit for the past couple of years.

http://globaleconomicanalysis.blogspot.com/2011/07/credit-crisis-in-brazil-consumer-loan.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29

RFS

Exactly because interest rates are so high, that the possibility of a credit bubble is low.

James Miller, are you trolling around The Economist comments section under your charming screen name James AntiBR?

This, by the way, should be of interest.
http://blogs.ft.com/beyond-brics/2011/07/06/guest-post-brazil-no-credit-bubble-but-an-overstretched-consumer-nonetheless/

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