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Benefit From Rising Interest Rates in Brazil

By Howard Borsden, Financial Advisor

RIO DE JANEIRO, BRAZIL – In recent years, the Brazilian government has used a bitter antidote to ease an inflation rate that has been for many years a burden to the country: high interest rates. With nominal interest rates estimated at 10.5 percent for 2012, Brazil is now the world champion in real interest rates. Such high interest rates in Brazil . . .

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