Tuesday, February 22, 2011

FT warns Brazil could be approaching a ?US like sub-prime? situation

Brazilian banks charge real interest rates of 20/25% on consumer loans The Financial Times warns that in spite of the current optimism about the performance of the Brazilian economy, the country could be heading to a ?sub-prime? crisis ?worryingly? similar to that experienced by the United States.

Source: http://en.mercopress.com/2011/02/22/ft-warns-brazil-could-be-approaching-a-us-like-sub-prime-situation?utm_source=feed&utm_medium=rss&utm_content=main&utm_campaign=rss

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