Brazzil

- All developing countries nearly the Brazilian size in land and/or populationm grew much faster than Brazil did during the last 4 years.Therefore Using the size whatever way is a terribly bad excuse to hide the reality of the total failure.
- US$ 70 billions in foreign reserves is not that big. Just look at the foreign reserves of some Asian countries, some larger but some smaller than Brazil.You can look at China or South Korea.
- As to the foreign debts repaid, they carried an interest rate far below than the new debts issued in Reais, that have been issued to repay the foreign debts. Not so smart....in my view to repay loans at 7 % and re-issue new loans at 14 %! But this is what your government does on top of the other debts the issue in local currency. Just think of it.......Your Government debts in Local currency are growing at a 20 % annual rate. Yesssss 20 % ! Just incredible.....but true. On a compound basis Brazil DOUBLE their debts every 4 years.....without spending these debts properly for the whole society.....as explained in the article. Therefore what do they do....with all that money they borrow ?
Well......around 75 % must be put aside.......just to pay the outrageous interest rates they offer. Not so funny.....in my opinion. A disaster is in the not so distant horizon.
- On the declining interests rates in Brazil, this is quite a fallacy. Because the important aspect is the interest rate you pay after inflation. Or what they call the NET. In that respect the rate remains at about 10 % (15 % rate minus inflation). Therefore contrary to what is published everywhere your real rates did not go down. Assuming your inflation rate goes down to zero and you borrow in Reais as low as 10 %, the NET rate would remain the same or if your inflation was 6-7 % last year with rates on average at 17 %, the NET was also close to 10 %.No difference or just as really small one. Sorry.
- Concerning the informal economy, there has been a specific number given by the government in an article in this site not so long ago. The amount provided was US$ 122 billions and that your real economy was at US$ 615 billions or so in 2005.
- As to the real wages that are rising, let me laugh. According to the IBGE the average income of those in work is Reais 1028.50. And Compared to July 2005, there was an increase of 3.4%. What a boom....knowing the minimum wage increased by 17 % !!!!! Your unemployment rate also increased to 10,7 %, the highest rate since April 2005.
- For the infrastrure development, Brazil is investing 0,4 % while it should be at least well over 1 % and up to 2 %. Sources Alckmin interview in his election campaign.

Finally it also remains that Brazil has the world highest poverty rate when compared to their GDP per capita !!!!! This just shows the depth of your lack of social inclusion and your wealth inequality.Therefore requesting more from developed nations at the WTO doesnt make make sense. Where would the profits go ? To the general population opr to your minority elite who wants to be still wealthier at the expenses of your general population. Why dont you ask or oblige them first to pay more ? Cleaning your dirty house before asking others to help clean them.....would be quite wise.

Cheers

Funny and Phony statement.
Here are recent official numbers :

In comments at the same seminar earlier Monday, Deputy Treasury Secretary Paulo Valle said the government was anxious to continue efforts at reducing overseas vulnerability.

Purchases of outstanding loans and early payment of obligations has led to a steady decline in the foreign debt since December. On Dec. 31, the country's foreign debt stood at $168.8 billion. As of July 31, it had declined to $156.5 billion.

And your total domestic debts stand at Reais 1'030 billion.
An increase or over 30 % in around 18 months or so.

NOT A SMALL INCREASE BY ANY STANDARD IN SUCH A SHORT PERIOD OF TIME !

There is another thing...

Brazilian foreign debt with banks and the IMF is being paid basically by issuing Treasury titles. Those title are not considered foreign debt because they are not in the name of anyone. The person who holds them requires the government to pay them. A detail is that most of these titles are being sold in NYSE. And they are not considered foreign debt...

Brazilian debts sold in NYSE or wherever, are added to the Brazilian foreign debts if issued in foreign currencies and also added to the domestic debts if issued in Reais.

No one can cheat here. Accounting is clean.

The problem is the "smartness" of the Brazilian Government : they buy back $ debts with a 7 % rate and issue new Reais debts with a 14 % rate.
And they believe and proclaim that they owe LESS ! Funny.
Even worse : they back back a depreciating currency with lower interests and issue new debts in a strong currency (Reais) with a much higher interest rate.

Double whammy.......double autogoal !

The financial world is very happy, they compliment Brazil : Why dont you do more of the same?


Guess why ! Laugh !

You're right about that... I was based on wrong info.

"Everyone knows how this is to be done - remove the heavy hand of government, cut bureaucracy, reduce taxes, open the economy and, hey presto, growth will appear."

Oh, really? Why, it's so simple, a child could do it! Fitzpatrick, you're a frigging genius. Thanks! [Note: This is called sarcasm.]

Maybe Fitzpatrick was being sarcastic too . . . I hope so.

Oh, really? Why, it's so simple, a child could do it! Fitzpatrick, you're a frigging genius. Thanks! [Note: This is called sarcasm.]

Hey freakin' genius. If it's not that simple, tell me why every country in the world that followed this childish recipe succeeded. Our government can't even realize that, what a shame. And then comes Lula to try to explain that Brazil has not grown, but has a lot of "positive economic factors"...

Our government is more worried about naming businessmen as bandits... like that sorry guy who crashed his bus against the car of Receita Federal bullies in Paraná.

JUST LOOK at the latest news of the Brazilian GDP.

ALL COUNTRIES IN THIS PLANET HAVE A BETTER ECONOMIC GROWTH ! ALL OF THEM......WITHOUT EXCEPTION !

But what is simple everywhere else, is not so simple for Lula and his gang of inept and ineffective policies.

If others are able ON AVERAGE TO HAVE 2 X OR MORE YOUR ECONOMIC GROWTH RATE...... WHY LULA POLICIES CANT BE SIMPLY WITHIN THE AVERAGE. I JUST REMIND YOU THAT MANY DEVELOPING COUNTRIES ARE GROWING AT 3 x, SOME AT 4 X AND THE BETTER ONES AT 5 X THE BRAZILIAN GROWTH RATE.

But continue to be blind, that is exactly what Lula expects from you and nothing else.
Continue to swallow his daily lies is also what he expects from you, because that is the only way for him to get re-elected.

By now those reponsbile, as per Lula, is the society loving too much football during the WC and the various holidays.
Funny, because it looks like you were alone at the WC. No other nation participated in the WC. And no other nation enjoy that sport like Brazilians. Not even Argentina. Correct ?
Funny....yesss truly funny to believe such bad excuses which have no basis. Argentina enjoys football as much as you do...but grew many many times what you did. That is the sad REALITY, the OBJECTIVE Reality.
As to the holidays, it looks like they were not planned and accounted for in their estimates ! Correct ? Funny then how estimates are done by Lula and his gang. A true shame of how unwise they really are.....or worse.....a true shame of how they lie to you, because they knew that these holidays were on the agenda in the 2nd quarter....by simple definition and simple common sense.

Finally just refer to 2 statements made recently by 2 presidential candidates :
- Lula has a phone book for corruption
- it will be very sad that the honests Brazilian citizens will re-elect these political bandits.

They said it all.

But as Brazilians are masochists by nature, polls clearly show that Lula will win once more......so that he will do more of the same for the next 4 years.

Is that not great news for your future ? Yeahhhhh....losers you will remain....as this is what you want and what you expect.

HEY Johnny Johnny...what did you smoke ?
From what I know, FIESP and CIESP are not medias. Correct ?
They JUST reduced their 2006 GDP growth estimate to 2 %.....even lower than the media estimates.

But Mantega the wisest (?????) Minister of Lula expects 4 % !
Rosy estimates are easy.
But Reality is always different......especially in Brazil, where lies are simply daily life...even more especially in an election year....and even more specifically since Lula's mandate. Lying, hiding, promising, betraying has been/is and will remain the basis
of Lula ideology.This guy is simply addicted to power like he is addicted to alcohol...and he is ready to do everything to maintain the 2. His dream is to be canonized as a Saint.....despite his total failure during his presidential mandate(s) !!

Reality again is different, he put his country at the queue of the queue of ALL the world developing nations concerning the economic growth rate due to his policies.

Stupid question : how can Brazil fill the gap with richer nations while having a lower growth rate ? Even a good magician cant do that. Simple. And by stats ALL other nations, richer or poorer, larger or smaller, have been able to beat the performance of Lula.

A tragedy that will be rewarded by another tragedy : Lula re-election !!!!!!

Take it easy on Lula. Many brazilians feel offended when I compare our wonderful hell against other countries. Don't know if they are the majority, but there are lots of them around. What the president said in his interview to Jornal da Globo just corroborates what those idiots say: we cannot compare Brazil against other nations, we have to compare Brazil against Brazil.

Even so, even when comparing Brazil against Brazil, we may be at a serious risk of not being even among the top 2

You're right. Brazil should be more like Venezuela or it will just continue to have mere sustained growth.

Economic growth in Venezuela has been the fastest in Latin America for each of the past two years. In the first quarter of 2006 growth continued apace, registering 9.3%. Unemployment has been steadily dropping, reaching 10.1% in April 2006. In 2005 the government's index of social wellbeing reached its highest level in 10 years. Incomes of the poor doubled in the past two years. The poverty rate, which had been increasing for most of the past twenty-five years, has been dropping. In fact, the World Bank recently noted that "Venezuela has achieved substantial improvements in the fight against poverty." All this with inflation at an 18 year low and dropping.

Seems like Brazil needs to follow Chavez' lead, not the neoconservative model advocated above.

Brazil's doing well. Lula will be reelected and continue to improve Brazil, leaving it better than when he came into office. God bless Lula. Just one thing though. If you want real economic growth, be more like Chavez. not the US.

Maybe Venezuela's growth has something to do with record high oil prices? Gee - ya think?? We'll see how well everyone likes Chavez when he refuses to leave office in 5,10 or even 15 years . . . Brazil is doing well? U must be retarded? Are you? No - seriously are you? F'ing idiot!

Yeah, right... you just forgot to mention the successive negative growths of Venezuela since Chávez assumed power. Venezuela grew 17.9% and 9.3% in 2004, but that was not really growth. That was recovery. Let's check some data below.

Venezuelan GNP behave like this:
1999: -6%
2000: 3.7%
2001: 3.4%
2002: -8.9%
2003: -7.7%
2004: 17.3% (17.9% according to Central Bank of Venezuela)
2005: 9.3%
Source: http://www.voltairenet.org/article141468.html. Detail that the author puts it that communication industry campaign against Chávez caused a drop in GNP. Pathetic, to say the least.

Hence, the accumulated growth since Chávez took power was merely 8% in 7 years, a little bit more than 1%/year, even below that of Brazil!. Where have you been to? Mars? Do you want the same for Brazil?

As the above poster stated it, the oil prices have skyrocketed since Chávez took power. The barrel cost less than US$ 12 in 1998 and jumped to more than US$ 50 in 2005 (http://inflationdata.com/infla..._Table.asp). That should lead to a huge growth in oil industry, correct? NO! Chávez deserves an "ovation". His pillage of PDVSA has accumulated a negative growth of about 1%/year in a period where the prices went up by almost 5 times! Here is the data for oil industry:

1999: -3.8%
2000: 2.3%
2001: -0.9%
2002: -14.2%
2003: -1.9%
2004: 11.6%
2005: 1.7%
Source: Central Bank of Venezuela (http://www.bcv.org.ve/c2/indicadores.asp). Browse "Agregados AGREGADOS MACROECONÓMICOS:-> PIB por actividad económica. precios constantes. base 1997..."

Not only that. As a good defender of the weak and opressed, he fired 18,000 people from PDVSA in the 2002-2003 strike! That's why our CUT members love him so much, I guess (http://www.lanuevacuba.com/arc...l-1eng.htm)

Well, let's see what was the growth of the non-oil economy then, without considering the oil industry, since the already 7-year long Hurricane Chávez hit Southern Caribbean (same source from Central Bank of Venezuela cited above):
1999: -6.9%
2000: 4.2%
2001: 4%
2002: -6%
2003: -7.5%
2004: 17.8%
2005: 10.3%

The figures look a little bit better: the accumulated growth was a little bit more than 13% in 7 years. Not even 2%/year. Does that look any good?

Ladies and gentlemen, place your bets. Will the recovery of Venezuela go on, with Chávez in power? Now it's clear why Brazil doesn't grow... he's a close friend of Lula...

The link for direct download of Central Bank of Venezuela data is here: http://www.bcv.org.ve/excel/5_2_4.xls?id=332

- He did nothing.
- Prices of oil went up.....not due to him....by definition. That is what Brazilians are dreaming for : getting richer....by doing nothing and going samba dancing and to the beach. Therefore they dont see any reason to create work. So much easier to wait that prices go up again.
- On Venezuela : how can they be the world fifth oil producer....and have so much poverty despite the oil price increase ?

- In view of the posts showing the Venezuelan economic growth.....the stupid member saying Brazil should follow Venezuela.....is just f**king mad. Or may be he is not so wrong.... Brazil will effectively very shortly what Venezuela did between 1999 and 2003 while chavez was already President. A true guarantee of failure..... !
- Finally it is quite amazing that Venezuela with one of the world biggest oil reserves....by now is producing less barrels of oil per day than just a few years ago.

This simply demonstrates how STUPID Chavez really is. But Lula is not any better.
Stats are not in their favor....wherever you look at. Both countries should be wealthy....but both are relatively poor despite the huge NATURAL resources in their ground.....but with so little brains to exploit these reserves. Money being of course diverted by corruptions at all levels.

Venezuela growth and wealth should be compared with the other major oil producing nations. No doubt Venezuela will be the one with the least economic growth, the poorest as GDP per capita despite being not so big in their population size, the one with the highest inflation rate (12-14 %).

Simply stated a total failure. But quite similar to Brazil !

A joke, a tragedy. Lamentable, a shame. Worse there is not.....despite what Chavez and Lula can make swallow their citizens. Just Full of lies and smoke !

Sour grapes from the Lula and Chavez haters. LOL! Only bad things are the fault of those you hate, right? Good things couldn't be the result of anything done by those you hate, because then what would you have to hate? Stop hating. Embrace the success! Stop being such nay-sayers. Don't be haters. But, then again, you're right wing a*****es, so you just can't help yourselves, can you? LOL!

Viva Lula!

Viva Chavez!

Down with right wing fools like Bush!

No denying that Venezuela has the best economy in Latin America! Read it and weep.

Chavez stupid? LOL! You shoud be so stupid, you moron! Tell us of your successes! LOL. I'm sure you're a real wheeler-dealer Hey, when you are president of Brazil or Venezuela, you can pop-off, moron. Now, go back home, filinho do papai.

Sept. 6 (Bloomberg) -- Brazilian President Luiz Inacio Lula da Silva would likely secure enough votes on the Oct. 1 presidential election to win outright in the first round and avoid a run-off vote, an opinion poll by Datafolha showed.

Throwing some facts is really wonderful! It's very funny to see those leftists making clown of themselves here

Listen moron. Let's make things clear for everyone to see here. You are welcome to show the good things that Chávez did. I appreciate that. I guess everyone reading this would appreciate that. I'm afraid, however, that the previous poster (is that you?) didn't show a good thing. He told us about the economic success of Chávez but the facts proved him wrong. So, I want to hear from you the good things. Or are you going to be flooding this message board only with your empty offenses?

You also didn't show the numbers proving that Venezuela has the best economy in Latin America. The numbers of Central Bank of Venezuela, under the rule of Chávez, tell us the contrary. Do you know something about the venezuelan economy that their Central Bank doesn't know? Show us.

It's terrible news... :

LOL! You right wing moonbats make me laugh!

Viva Lula!

Brazil's inflation rate in August hit its lowest level for eight years, official figures showed on Wednesday.

The Brazilian Institute of Geography and Statistics said the IPCA inflation rate in August was down to 0.05 percent, from 0.19 percent in July.

Viva Lula!
Viva Chevez!