Brazil’s unemployment rate fell to 8 percent in July, the lowest this year and down from 8.1 percent in June, the national statistics agency said today in a report distributed in Rio de Janeiro. The drop surprised 23 of 25 analysts surveyed by Bloomberg, who expected the jobless rate to rise.
“The recovery of the Brazilian economy is unmistakable,” said Alexandre de Azara, chief economist at BRZ Investimentos SA in Sao Paulo. “The unemployment number in July was much better than expected. If there were any bets of an additional cut in interest rates, after this report, they no longer exist.”
Also, our unemployment rate drop was because of more people getting jobs, not because more people became “bums” (as John and Adam would say), which is what happened last month in the US.
OK, I triggered you guys, let the flame war begin…
China too has positive GDP. Germany too saw improvement. What’s the key? The key is a strong a financially sound government and people.
Those are things the US is lacking. We are not attracting jobs, we are seeing jobs go to other countries. We are not stimulating permanent jobs but creating short term jobs that will not help down the road. Sure we are rebuilding roads and bridges which are certainly needed. But these jobs do not produce products, they do not stimulate building new factories and they create more federal debt! China on the other hand actually had a federal surplus of money and provided coupons to its citizens to buy durable goods. That in turn created a need in manufacturing thus creating jobs. But again, the key has been not to create more debt but rather try to keep jobs going that already exists.
America has been shedding jobs for years and now we are paying dearly for it. This is not going to end anytime soon.
#2 I’m not gonna take all the credit from the Brazilian government for this, but here are some facts to check:
It happened in part by the Brazilian government support of the venezuelan dictatorship. A lot of big infrastructure contracts that were usually made by venezuelan contractors, are now being done by Brazilian companies like Odebrecht.
Brazil is one of the countries that has benefited inmensely by the conflict between venezuela & Colombia. There was a traditional commerce between venezuela & Colombia that involved food, raw materials, finished goods, etc., that at the end of 2007 was 6 billion dollars http://tinyurl.com/luzp6f (link in spanish, sorry)
Today, that door has been closed due to the local political situation and the biggest winner from that rupture is the Brazilian government.
Recently, the Brazilian government has found a snag with payments owed by venezuela in hard currency (there’s currently a lock in free monetary exchange in venezuela). You can imagine the ammount of money that is owed that the Brazilian president himself had to step-up and remind the venezuelan government who’s helping them in their dictatorial agenda in order to get the money paid to the Brazilian companies & government http://tinyurl.com/nhwas5 (Link in Spanish). Contd.
Continuation:
Here’s the same link as above but it lacks the new 10.000 cars agreement http://tinyurl.com/ma5zuu
So much money is in those accords that, during the meeting asking for due payments (8 months worth of late payments), an agreement to buy 10.000 cars by the venezuelan government to Brazil was discussed. Until 2 months ago, those cars where coming from Colombia.
No wonder the Brazilian president claims that there’s no dictatorship & there are full freedoms in venezuela, while the contrary is evident. http://tinyurl.com/n7d3cp
As you can see, they both got help. Brazil with their economy and the dictator with satying in power.
#3 I think you have to pay attention indeed.
#4 Brazil has oil partnerships with China. The Chinese have worked very hard lately to secure energy sources, Brazil is one of them. venezuela is another.
#6 But actively supports dictatorships like the venezuelan and cuban.
#10 Lula is a member of the Sao Paulo forum. In the end, the “socialist” label is the currently accepted brand for lefty communists. Lula is not an extremist though. He’s very intelligent and looks after his country’s best interests.
And regarding ethanol yes, they produce a lot of ethanol, but the price difference between ethanol & gasoline in Brazil was blurred long ago. Ethanol used to be a lot cheaper there compared to gas. Not anymore.
#12 Even though I don’t know if it’s used in brazil, I know many a latin american country that count street vendors as people with a job.
#20 I know all your posts are stupid, but you let your stupidity really shine here.
Lula is a socialist indeed. Its actions increased the lower class earnings that are moving the whole economy. There is a fear that this grow may not be sustainable by infrastructures. We have been lucky with oil findings, but there is a huge unemployment. A lot to be done in education, health and specially security.
#19, Bobbo, the overly critical,
Uncle Patso clearly stated that these were bugs up his butt. There are a few words I would like to add to his list.
Then = a point in time
Than = in contrast to.
After we consider all the evidence, THEN we can decide if Alphie is smarter THAN a bag of worms from a dead Nazi’s tomb.
where = a place
were = plural past tense of “to be”
we’re = contraction of “we are”.
WE”RE going to Woodstock WHERE there WERE some great bands.
(dang, it took me awhile to come with that sentence)
But before I appear too pretentious, I make many errors myself. Too many. In my opinion, the greatest gift to modern civilization has been the spell checker. I wish there were a god so I could ask him to bless the person who invented it.
#21 I agree…any other president wouldn’t have scared away investment…
The Democrats promised all foolish enough to invest here…much higher taxes…cap & trade.
I live in California…Las Vegas is running a commercial here, where a monkey thanks California business for rides on its back…and then Vegas trumpets its “no personal income tax…no corporate tax…very low workmen s compensation costs” and invites California business to ditch the monkey and move to Vegas…
I only wish I could…I laugh every time I see the commercial, which is devastating California…on a international scale… its analogous to what is happening to us.
Thank you National Socialists, for Obamageddon….we owe you statists so much… I trust the public will repay you in 2010 onnward.
Take a look at Brazil’s banking system
#28 Why couldn’t you state your point rather than ask us to look at Brazil’s banking system…where we might not see what you are looking at.
#26–Fusion==critical?===Moi? Hardly. I was being life affirming. Just because I’m usually critical, doesn’t mean I’m always critical. You imply two much.
90% of the airs are maid irrespective from actual knowledge. Just hard to proof read your own product and there is no edit function on this blog.
I actually get irrigated at those who feel compelled to post again to correct errors==as if we hear are two dum to make sense of the context.
But i rize above it.
#29 Typical hand holding statist response. I won’t do your thinking for you.
So when you say “socialist” are you thinking smurf or NAZI?
#32 Keep reading the labels and not the behaviours. That’s the way all sheeple vote.
#30, bobbo, the Magnificent,
WOW, what panache, (or is that pinata), what clarity (or was that clearity), what a budding Nazi (or is it budding senior citizen).
Actually, a well done post, I loved it.
#27, Alphie,
Another one of your statist, budding Nazi comments. Typical.
#31 IN other words, you realized you didn’t have a point.
You spoke, and after hearing it, believed you had a point…but after I asked what it was….you remembered, you left your tin foil hat over Mr. Fusion’s house.
Guilherme Cherman, is Brazil attacking the free market…demanding regulation of private companies….talking about cap & trade raising taxes on energy to penalize its use by producers and users…
Or did they do as Ronald Reagan did to end the Carter Recession, reduce regulations and lower taxes?
Well, some jobs will be created when we shift one of products there for manufacturing, test, RMA
Brazil taxes China imports like hell FYI
I had sex with a brazillian woman once, she was a real pig.
#39
Lucky you.
At least they are fu.ck-able… Not like the fat-redneck-living-in-the-trailer-white-trash scattered all over your country mate.
If you continue getting good you wont need to go back to your mother/relatives anymore…