Brazil heads down - the fuss is over

The Economist has published the following about Brazil today:

In another attempt to inject life into Brazil's stagnant economy, the government announced a fresh round of tax cuts, this time on car sales and some financial transactions.
Politics this week section, 24.05.2012


Europeans are at least discussing growth. If there is no life in an economy... it may mean there is no point in such discussion, since the lifeless cannot grow; it would be a stage behind the 'rich troublemakers'.

No surprise for us who have been aware that all the fuss lacked sustainability.

The latest book I ordered from abroad had been delayed - as the seller told me, the reason was the fisco and its tax surveillance operations. When the real (Brazilian currency) eventually reached its present record-low level, the book was released. Its price? Twiece as much. I won't pick up the book!