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Slimebeast on 12 September 2016
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BraLoD said:
Slimebeast said:
Wasn't Brazil's economy booming in the years before 2008 (or whenever it was the global financial crysis hit your country)? Or am I rong?

I fink you hade a nice 5% GDP yearly growf and wages went up. But the crysis has gone on for much longer in Brazil than it did in the West.

You are not wrong, but not right as well.
Brazil economy was indeed quite high during the crisis on USA, but that was just a pile of problems stocked behind a pretty mask that finally exploded recently and put us back into shit.

At some point the USD was 1.5:1 to the BRL, but it went over 4.2:1 when shit went real here and but it's getting more tame now as Dilma got taken away.

Brazil's economy was never truly strong, both times it was in evidence was because of heavy shitty behind it, both during our recent military dictatorship and now the PT government.

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invetedlotus123 said:
Slimebeast said:
Wasn't Brazil's economy booming in the years before 2008 (or whenever it was the global financial crysis hit your country)? Or am I rong?

I fink you hade a nice 5% GDP yearly growf and wages went up. But the crysis has gone on for much longer in Brazil than it did in the West.

It was a fake. And the Crisis that have hitted us from 2014 til now destroyed everything we grew in the 5 years prior. Brazil economy is being dismantled. It`s sad because we can actually see the crisis happening, loads of business closing doors, loads of people that got extremely qualified for the future that was promised us are now having a hard time to find a job at a call center, people living in the street are becoming more common than we should be confortable with. 

And what is worse is while the wages are becoming lower the prices are increasing in horrenduous rates, and for basic things like food, water and electricity. Going to the supermarket is now a nightmare and many low income families are having to rationalize food so they don`t starve. Housing in any big city is also a nightmare. Renting prices went up so much that, like in my city, that a basic apartment in a middle class neighborhood price for renting is 1000 BRL per month, excluding any other house costs. 

In Rio De Janeiro things are even worse, in some neighborhoods there the price for a very basic flat can reach 2 million BRL, it`s cheaper to buy a castle in FRance than an apartment in Leblon or Barra ( Rio neighborhoods).

Sounds a lot like the Greek crysis with the "fake" economy and inflated numbers giving totally the wrong picture of the state of the economy, hiding all the problems with banks and state economy and loans.

I remember back in the early 00's, according to official statistics Greece

Wow, Brazil lost almost 2/3ds of the value of its currency?!

So the latest crysis is only from 2014?

You say 1000BRL per month for a basic apartment in a middle class neighborhood (it doesn't sound so bad). Is that like 2 small rooms and a kitchen in a big apartment building? Such an apartment in Sweden costs 2,500 - 3,500 BRL ($750-1100)

Do you have any friend or relative who lives in a Favela?