Market Watch

Brazil Seems Agitated

Reuters Reports HERE


As many as 200,000 demonstrators marched through the streets of Brazil’s biggest cities on Monday in a swelling wave of protest tapping into widespread anger at poor public services, police violence and government corruption.

The marches, organized mostly through snowballing social media campaigns, blocked streets and halted traffic in more than a half-dozen cities, including Sao Paulo, Rio de Janeiro, Belo Horizonte and Brasilia, where demonstrators climbed onto the roof of Brazil’s Congress building and then stormed it.

Monday’s demonstrations were the latest in a flurry of protests in the past two weeks that have added to growing unease over Brazil’s sluggish economy, high inflation and a spurt in violent crime.

Around the country, protesters waved Brazilian flags, dancing and chanting slogans such as “The people have awakened” and “Pardon the inconvenience, Brazil is changing.“

Full article can be read at the above link. A few videos below to give some perspective of the demonstrations. Governments can only ignore economic policy for so long. Eventually, the results of currency devaluation and inflation come full circle.