Economy

It Gets Ugly in Brazil

From Wolf Street, by Wolf Richter, The price of corruption. In a stunning deterioration, the unemployment rate in Brazil spiked to 12.6% in the rolling three-month period through January, a record in the new data series going back to 2012, according… Read More ›

Always Shrinking

From Alhambra Investment Partners, by Jeffrey P. Snider I have no idea if Sir John Bond, former head of HSBC, is or was superstitious, but if he wasn’t maybe it would have helped the bank if had been. In November… Read More ›