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  1. I

    questions about economist article on latin america

    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
  2. I

    questions about economist article on latin america

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

    questions about economist article on latin america

    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...
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