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Another detailed look at the dark side of Brasil's recent boom.
WSJ: "...the abundance of cash has helped fund riskier bank loans and fueled a potential real-estate bubble. By some measures, the Brazilian real is now the world's most overvalued currency, and many local factories aren't competitive in global markets."
AND: "Ever since I was a little girl I always heard Brazil was the country of the future. Now that the future is here, I am starting to fear it will be brief," said an officer of jet maker Embraer.
ALSO: Brasil tries to stop the invading "sea of liquidity."
WSJ: "Brazilian officials blame near-zero interest rates in the U.S. and Europe for making it possible for hedge funds to borrow cheaply in the rich world to place bets in Brazil.
"We have to defend ourselves from this immense, fantastic, extraordinary sea of liquidity that finds its way to our economies in search of returns that it can't find in its own," Rousseff told Latin American leaders on July 28 in Lima."
