RIO DE JANEIRO, BRAZIL - Be it due to the impact on the financial market, or due to sharp breakdowns in public accounts, the rise in American interest rates due to higher prices may cost Brazilians dearly.
When the dollar downpour has passed, when the weather opens up for the American economy, rolling down the window and watching the sun may not be as trivial as it may seem to Brazil.
Yes, the multi-trillion-dollar investments in infrastructure by the White House tend to benefit, for eight years, commodity sellers. But a country, as we know, is not built only . . .