Brazil’s Political Jungle Swallows Its Economic Superman

MAC MARGOLIS, BLOOMBERG VIEW, 9/3/2015 

For anyone looking for a snapshot of Brazil’s economic travails, you could do no better than the press conference Aug. 31 unveiling the government’s 2016 budget, replete with a whopping deficit of 30.5 billion reais ($8.1 billion).

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Any other day, all eyes would have been on the tallest man in the room, Joaquim Levy, the six-foot-four finance minister whose University of Chicago diploma and low threshold for fiscal folly have made him the toast of foreign investors and President Dilma Rousseff’s guarantor of sound economics.

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