Brazil’s Disastrous Debt Dynamics Could „Create Contagion“ For Emerging Markets, Barclays Warns
Zero Hedge: So what’s the takeaway besides the fact that Brazil is, for lack of a better word, screwed (because we already knew that)? Well remember, Brazil is representative of the problems facing EM as a whole. Slumping commodity prices, currency carnage, FX pass through inflation, sensitivity to decelerating Chinese demand and to Beijing’s yuan…
