Brazil

[Doug Henwood]

So the Brazilian stock market was up 33% today, closing the week where it
began. <http://quote.yahoo.com/q?s=^BVSP&d=2b>. The wire stories said the
markets were giving the devaluation a seal of approval. It was universally
believed that a Brazilian devaluation would bring the end of the world, but
now the markets are celebrating it as a good thing. Capitalism is very odd.

Doug