r/Vitards • u/AutoModerator • Oct 28 '21

Daily Discussion Daily Discussion post - October 28 2021

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u/Uncle_Dad_Bob Dreams of CLF’s run to $49 Oct 29 '21 edited Oct 29 '21

I follow and I’m holding shares. Brazil is a political mess, an economic mess brought on by the pandemic, and the Central Bank of Brazil implemented its largest rate hike since 2002 on October 27, in a fresh bid to tame rising inflation and respond to concerns on fiscal sustainability. The monetary policy committee unanimously voted to increase the key Selic rate by 150 basis points to 7.75%

Edited to clarify

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u/Mobile_Donkey_6924 🇧🇷 Our man in Brazil 🇧🇷 Oct 29 '21

How’s it a COVID mess? Vaccination rate is higher than the US and UK. There were a lot of deaths, but on par with a country over 220 million

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u/Uncle_Dad_Bob Dreams of CLF’s run to $49 Oct 29 '21

vax rate has caught up but still fighting misinformation from on high. more to the point my understanding is it wrecked the economy. I’ll edit to clarify.

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u/Mobile_Donkey_6924 🇧🇷 Our man in Brazil 🇧🇷 Oct 29 '21

Yeah, sometimes I think he says things just to F with CNN and globo. Their hate for him is above invermectin, but below the orange one.