Marco Rotta

WTF?!

Ain, agora não pode boicotar empresa que apoiou o PT, mas em 2018, quando era do outro lado, podia fazer isso com a Havan, Riachuelo e a SmartFit? Povo tem memória curta demais. Pois eu acho que cada um é livre para apoiar o negócio que lhe convier.

Very interesting proposal: Resende basically argues that Brazil should just default on the national debt in a sophisticated manner (a manner which would involve a lot of inflation, possibly hyperinflation). Surprisingly, the author is actually someone who had built a reputation in the past, as he had a PHD from MIT and helped to formulate Brazil's anti-inflation policies in the 1990s. It is true that currently interest rates are sky-high and much higher than would be in the case of a typical country with a similar balance sheet (debt-to-GDP of 80-85% and primary deficit of 1% is much better than the US's case of 125% and 3%, respectively). This places an enormous cost on Brazilian finances (and represents an enormous roadblock to the efficient operation of Brazilian business). But there is an obvious reason for that: the Brazilian political system is a presidential system where political power is highly concentrated on the executive, and over the last 6 elections we elected one fiscally responsible president and gave 5 terms to a party that is notorious for grotesque fiscal irresponsibility. Just defaulting on the national debt is not going to improve expectations that the Brazilian government is fiscally responsible; in fact, it's going to do the exact opposite. Thus, when expectations that this party would get a 6th term converged to 1 on sunday, the interest on the 10-year-bond increased 300 basis points on the same week. The only two solutions to the issue that I see now, which do not involve a massive crisis (potentially risking the stability of the current regime in Brazil), are: 1. For the president to resign and vice-president Alckmin to take the helm. As Alckmin is traditionally regarded as representing a much more fiscally conservative approach from a different political movement, this shift in presidency would cause a fall in interest rates from a shift in expectations that would reduce government expenditures by several percentage points of GDP per year almost instantly. Then, Alckmin should be able to nominate a serious team of macro policymakers like Temer did in 2016. 2. For the government not to resign but to do a 180-degree turn from the party's traditionally reckless fiscal policies and signal that it is willing to implement major structural reforms that would reduce federal expenditures by a substantial degree (cutting real welfare benefits by 10% or more). I think option 1 is the only one that could perhaps avoid a recession. Option 2 involves building up a reputation that the PT party's approach to fiscal policy has fundamentally changed, which takes years to achieve; thus, it would take a long recession during the fiscal adjustment to bring things back to normal. So yep, the smart way out is for Lula to effectively resign the presidency, and he could do so in a discreet way: gradually reassigning responsibilities to Alckmin (first economic policy) and blaming old age and health problems for it (being 81 and a two-time cancer survivor), without formally relinquishing the position of president.

🦵🤕 A model took a drone right to the moneymaker ... after a Mexican TV host beamed her in the face when he went to kick it across the stage ... and it's all on video. 🎥: Multimedios TV Canal 6

Vamos ser simples: é um ultraje que qualquer um no Brasil esteja sendo investigado e/ou preso enquanto Alexandre de Moraes não está nem investigado, quanto mais preso. Como no Brasil ninguém leva nada a sério, ele está inclusive mandando prender gente. As instituições brasileiras não têm autoridade para nada. Discutir Flávio, Lula, Miller Tomaz, Lulinha ou qualquer outra coisa antes de Moraes é ofender a inteligência do povo brasileiro. Quando o Estado não segue a lei, não tem mais lei.