Sep 10

Brazil Cut To Junk By S&P, ETF Falls 5% Post-Mkt (ZeroHedge, Sep 9, 2015):

Brazil, whose economy officially slid into recession in Q2 – a quarter during which Brazilians suffered through the worst inflation-growth outcome (i.e. stagflation) in over a decade – and whose efforts to plug a yawning budget gap are complicated by political infighting and a growing public outcry against embattled President Dilma Rousseff, has been cut to junk by S&P.

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