BRASIL: Economist KrugmanTurns Bearish On Bubble.

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Nobel Prize economist Paul Krugman told the press in Sao Paulo that “I am seeking to get out (of his Brasilian investments) because of what’s happening. Not that I see a crisis, but people seem to be loving it too much.” Brazil’s economy is “doing well,” Krugman said. “It’s not the same as to say it will become the economic superpower next year. Markets are reacting as if it will.”