Recent content by izno

do you have a link/source? I had a quick look at brazil savings account rates and this site says they are 0.5% at the 'taxa referencial' which is at about 12%. with inflation at ~6% real savings rates are still 6%. http://brazil.angloinfo.com/countries/brazil/banking.asp

heres the article: http://www.economist.com/node/21525909

1. According to the article Latin America has high interest rates to deal with inflation and at the same time has high consumption and a very low savings rate. I'm curious as to why the savings rate is so low given the high interest rates. 2. "to preach fiscal adjustment amid abundance is...