There's more to the Brazil story, especially since Brazil's story isn't strictly about Brazil. With markets there spiraling into chaos, the government is down to blaming 'speculators.' If that's the case, then speculation has gone global in a lot of critical ways. From currencies to job findings plunging, even something real like the Baltic Dry which is crashing now, too.
Eurodollar University's Money & Macro Analysis
Bloomberg Brazil Central Bank Rejects Doubts Over Power of Monetary Policy https://www.bloomberg.com/news/articles/2024-12-19/brazil-central-bank-rejects-doubts-over-monetary-policy
Bloomberg Brazil Traders ‘Sell First, Ask Later’ as Panic Hits Markets https://www.bloomberg.com/news/articles/2024-12-17/brazil-traders-sell-first-ask-later-as-panic-sweeps-markets
FT Warren Buffett's record cash pile is starting to make people nervous https://financialpost.com/financial-times/warren-buffett-cash-pile-investors-nervous
Bloomberg Brazil Finance Chief Says Real May Be Under ‘Speculative Attack’ https://www.bloomberg.com/news/articles/2024-12-18/brazil-finance-chief-says-real-may-be-under-speculative-attack
Bloomberg Brazil Spends $17 Billion in Reserves to Lift Cratering Real https://www.bloomberg.com/news/articles/2024-12-20/central-bank-burns-17-billion-in-reserves-to-lift-brazil-s-real
Bloomberg Brazil’s Wealthy Lament Political Dysfunction as Fortunes Tumble https://www.bloomberg.com/news/articles/2024-12-20/brazil-s-richest-people-lament-political-dysfunction-as-fortunes-tumble
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