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Brazil protests put leaders on alert

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The leftist party for years has successfully contrasted the boom of the Lula administration with the economic volatility before he took office.

What the Author is talking about ?????

The heavy work of fiscal/monetary stability was completely done by previous President Fernando H Cardoso.

Lula is his Worker's Party inherited Brazil's economy already stabilized.

The boom in the economy in President Lula's period is due entirely to the strong presence of China pushing up the prices of commodities. NO merit at all for President Lula.

Now that China's economy is slowing down Brazil's economy is heading south...

The reason for the protests is due to revolt against record levels of corruption inside the government of Worker's Party.

Three billion dollars are being spent only in stadiums. Total expenditures exceeded 20 billion.

The perception is that a lot of these resources are being diverted to corruption.

In a nation starving for better education, elementary health care and a decaying infra-structure, most people would prefer that these expenditures were directed to these areas.

This notion of a nation with much more important issues to be dealt hosting events like Olympics and Soccer's World Cup is the old Roman Empire's bread and circuses policy.

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This notion of a nation with much more important issues to be dealt hosting events like Olympics and Soccer's World Cup is the old Roman Empire's bread and circuses policy.

Precisely. The more things change, the more they stay the same.

As an aside, with China's economy quickly falling apart and showing itself to be the money printing sham that it is, those "BRICS" don't look so good now, do they?

One wonders if this may indeed by the REAL intentions behind all the Fed money printing.

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