Tag Archives: Brazil

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Cumberland Advisors Market Commentary – Brazil & Amazon Fires

Author: , Post Date: September 3, 2019

Brazil is poisoning the planet and now posing a growing existential risk. The country’s elected leader, Jair Bolsonaro, has suspended or rescinded environmental protection rules and favored his cronies in the agricultural and logging industries, who are exploiting the country’s resources with government approval or malign neglect. “This is your government,” Bolsonaro has promised lawmakers […]

Venezuela Implodes, Neighbors Suffer

Author: Bill Witherell, Ph.D., Post Date: August 28, 2018
Cumberland Advisors Market Commentary - Bill Witherell, Ph.D.

Last week Venezuela devalued its currency, the bolivar, by 95%, cutting five zeros off the exchange rate. This measure was a desperate response to hyperinflation that reached an astonishing rate of 83,000% YoY in July, with prices doubling every 26 days. The IMF has projected the rate could reach one million percent this year. Cash transactions […]

In South America: Mendacity versus Perspicacity

Author: David Kotok, Post Date: June 1, 2016
Cumberland Advisors Market Commentary by David Kotok

I write as a follow-up to our South America trip. For a terrific summary of the Argentina-Uruguay experience, we offer the “Weekly Economic Update” from Michael Drury, GIC chairman and chief economist at MacVean. The report is available here: http://www.cumber.com/pdf/EU05-13-2016.pdf. We thank Michael for permission to link to his commentary. Meanwhile, the former president of […]