We just got news that Brazil faces very serious economic troubles.  I guess that we will find out very soon what happens when the largest economy of Latin America hits the wall.  Brazil is one economy that could drag down a lot others in the region. This is from Bloomberg: Brazil’s economy will contract more than previously forecast and is heading for the deepest recession since at least 1901 as economic activity and confidence sink amid a political crisis, a survey of analysts showed. Latin America’s largest economy will shrink 2.95 percent this year, according to the weekly central bank poll of about 100 economists, versus a prior estimate of a 2.81 percent contraction. Analysts lowered their 2016 growth forecast for 13 straight weeks and estimate the economy contracted 3.71 percent last year. It has been a long time since 1901, so no one living today can remember the last time that Brazil's economy was this...(Read Full Post)