People complain too much. It is annoying. China is decelerating to 6%, but USA is picking up steam. It will add, at the end of the day, to zero variation in world output. It is actually better than that, since world GDP will probably face smaller risks in this new configuration.
Oh, yes, interest rates will have to return to normal, but jesus, man, that is a good sign.
Brazil did not reform since 2005? Afraid of capital reversals? Took the heterodox path and now has to deal with high inflation, low growth and widespread inefficiencies? Not my fault...
Dear friends, I am going to Germany for 1 entire month beggining tomorrow. Will not post. Will not read economics, will read Musil only.
Bye now
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