Robin Brooks (@robin_j_brooks) 's Twitter Profile
Robin Brooks

@robin_j_brooks

Senior Fellow @BrookingsInst, previously Chief Economist @IIF and Chief FX Strategist @GoldmanSachs. Opinions are my own. Email: [email protected].

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calendar_today20-07-2017 19:27:11

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Robin Brooks (@robin_j_brooks) 's Twitter Profile Photo
Robin Brooks
@robin_j_brooks

8 months ago

Brazil's Real is absurdly undervalued. But it's also true that the current government has no clue how to talk to markets and almost celebrates that fact. If you run big deficits and pressure BACEN to keep yields low, you get a currency crisis. Turkey demonstrated this in 2021...

Brazil's Real is absurdly undervalued. But it's also true that the current government has no clue how to talk to markets and almost celebrates that fact. If you run big deficits and pressure BACEN to keep yields low, you get a currency crisis. Turkey demonstrated this in 2021...