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Sadly Brazil is little better than a middle eastern oil state. They rode a massive bull market driven by China's insatiable appetite for commodities. Rather tha
by jusben1369 11y ago
Sadly Brazil is little better than a middle eastern oil state. They rode a massive bull market driven by China's insatiable appetite for commodities. Rather than use that whirlwind to diversify and prepare for the day that slowed down they appear to have done little. It's very sad.
- voltagex_ 11y agoYou could say that Australia's in the same position. We dig up stuff and export it to China. We had a chance to extract some tax from the mining companies but blew it. I don't think things are going to be very nice here in 10 years.
- jusben1369 11y agoCanada too. But Brazil's landing is/will be dramatically worse than Aus/Canada.