Brazil Suffers Sudden Currency Attacks

Tom, one of our readers, kindly sent us a link that listed equity funds in difficulties raising money this last two weeks. One item in particular caught my attention. The Bank of Brazil cancelled its regular weekly auction of government bonds! This could mean we will see yet another round of currency collapses like in the late 1990's, for example. With everyone wanting to depress their currencies for trade advantage, this can lead to surprizing collapses that can embroil everyone since everything is now relative to everything else.
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