Brazil is on autopilot. Congress could do nothing for the next year, and Brazil would still be a good credit.
More Quotes from Jerome Booth:
The possibility of Mexico and maybe Russia trading through Italy is very real.Jerome Booth
It's a country developing very fast and it deserves to have low credit spreads. Investors like myself with pension funds and central banks will just buy into any weakness.
Jerome Booth
Brazil's benchmark rate will keep on falling until it gets down to a more reasonable single digit rate. The tax cut, along with lower inflation, will certainly help.
Jerome Booth
The reality is that there's risk everywhere, in every country. We're now in a world where you've got two types of countries emerging markets, where political risk is priced in, and a whole bunch where it isn't priced in at all.
Jerome Booth
It would be a good opportunity to signal a change in interest rate policy. This is a country with single-digit inflation and an interest rate of 20 percent. It's ridiculous.
Jerome Booth
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