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| To date Brazil ETF is one of the worst performing international ETFs. |
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| Since the gross manipulation in energy contracts power outages have become commonplace. |
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| Paying thru the nose for airport services does not help either. |
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| Productivity per capita flatlines... |
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| ...but protectionism in the labor market... |
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| ...and minimum wages always on the rise in real terms make production very costly. |
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| Protectionist measures taken by the government prevent citizens from getting cheaper and better goods/services. Brazil is known as a large-scale consumer of subpar Chinese goods. |












