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0 pointsmarcosdumay10y ago0 comments

Yes, the SELIC exploded and the Real was devalued overnight as soon as people realized that the party currently in power had chances to win an election.

Disaster is what we are living through now. Can you get any example of hight inflation happening at the same time as hight interest rates on Brazil since the Real Plan? Or, can you get any other example of hight inflation at the same time as a decreasing GDP? Or can you get any failed coup from FHC times?

FHC surely didn't do everything right. I have plenty of complaints. But to even compare his government to any of PT's is absurd.

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alberich10y ago

Get your facts right. The devaluation happened in 1999, a time when thinking that Lula would win an election was actually a joke.

If you go to BACEN you can look for yourself to get the historic data on inflation and SELIC interest rates. FHC was able to both have high interest rates, high inflation rate and a broken economy (or did you forget that brazil had to ask IMF for a huge money lend?)...

I don't know what you mean by a coupe... but it is well known that FHC paid congress men to pass the law allowing him to be re-elected. Curiosly, now they think re-election is bad... go figure.

meira10y ago

alberich, these kids debating politics today don't like to take leverage of internet to understand what really happened in their country. And then they come here to HN to say bad things about Brazil looking for "liberals" support. Silly boys.

rbanffy10y ago

It's depressing enough to see it on Facebook. Here it's unbearable. HN should be preserved as a place people discuss using facts.

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