End the party (Naím)

End the party before Brazil´s bubble bursts by Moisés Naím, published by Financial Times. “Their boom has lifted millions out of proverty and their impressive business performance has seen the nation grow as a global force. But this leads to a common conversation: how long will the party last? It is a reasonable question because there is no doubt that Brazil´s economy is overheating. Inevitably, this combination of a strong currency, foreign investor euphoria, increased consumption and bottlenecks that stifle the ability to respond to the growing demand make everything more expensive. Neither credit nor public spending can keep growing at their current pace.” http://on.ft.com/mwcVyo