It is not economics: it is geopolitical, stupid.
Do you remember my speech at the Stock Exchange in its 161 anniversary last August 26?
Do you remember when I argued that due to the geopolitical struggle some are trying to transfer the crisis to BRICS (Brazil, Russia, India, China and South Africa)? …
¿Do you remember when I said that knowing what happens in the world is very important, but understanding it is even more important so that nobody can deceive us? Our vision, which is not capricious, is that the crisis is being transferred violently to BRICS.
If you’re not convinced, I invite you to read this article from the Financial Times, dated August 31.
Needless to say, the Financial Times is one of the three most important economic newspapers in the world.
Title: “Emerging: It’s time to fix a broken model. As exports slow and foreign capital takes flight, developing nations must act to avert a crisis.”
The article is signed by James Kynge and Jonathan Wheatley. I recommed its full reading, it is really impressive.
“The dynamic economic models that allowed developing nations to haul the world back to growth after the 2008-09 financial crisis are breaking down — and threatening to drag the world back towards recession.” Unreal.