Brazilian government in chaos, yet markets cheer

Jon Sindreu – Wallstreet Journal, 03/18/2016

Brazil’s government and economy are in chaos, and the country’s stock market is soaring.

Behind this counter intuitive move lies a belief that the government’s days are numbered. But don’t be so sure, say some experts.

Brazil’s main stock market index, the Ibovespa, rose by more than 6%, the biggest gain in seven years.

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