Brazil cuts interest rates

[Visaria]

A few days ago:


http://www.bloomberg.com/news/2011-...12-as-recession-risks-outweigh-inflation.html

With today’s reduction, Brazil became the second country in the Group of 20 Nations after Turkey to lower borrowing costs in response to the worsening global outlook. On Aug. 26, Mexico also signaled that it may follow suit.

 

[macroman]

cia says prices in china land prices down 9% in august :eek: :eek:

http://news.xinhuanet.com/english2010/china/2011-09/04/c_131096844.htm

might cancel my buy orders for now

 

[likeinsights]

Quote from macroman:

cia says prices in china land prices down 9% in august :eek: :eek:

I believe the fact that chinese real estate market is synchrone with western one is interesting in itself. If one listens to Brad Delong (and co), it should not be the case though it is!