International media made large reports about the political crisis which shakes Brazil and which goes through developments for, now, six months. Next Sunday, a first vote by deputies will, probably, initiate the process which may lead to the impeachment of the president, Dilma Rousseff. She is blamed on account of a deceptive presentation of the country public accounts. This target has been chosen by her adversaries because it permits to start the procedure without any judiciary decision. But the real purpose is its role as president of Petrobras when severe corruption acts have been committed by managers which have already ...

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The first quarter of 2016 is finishing in a much better situation than it has started. Invalidating, once more, analysis and forecasts of most of economists, the world has not been hurt by the failure of a major country, having consequences outside of its borders. There were no recessions among large developed economies and growth went on, only at a slower rhythm than it would be necessary to reduce disequilibrium caused by the 2007-2008 crisis, unemployment for some of them, excessive indebtedness for the others.

Chinese economy is following its path. Shanghai Stock Exchange is regaining, day after day, the ...

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When, during 2007 summer, banks realized they had, in their books, assets which were constituted with irrecoverable loans, financial planet started to be shaken. It will be necessary to wait for Lehmann bankruptcy, a year later, to assess the size of the disaster which provoked the biggest post-war financial crisis and a major world recession. Are we on the brink of the same situation? Market value of the banking sector has fallen since the beginning of the year and it reflects this concern but, apparently, banks are in a much better situation than in 2007. Their core capital ratios have ...

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