The Mindless, Money-Minting Brazil Trade Is Now Officially Dead
A man sits on a bench on Ipanema Beach in Rio de Janeiro, Brazil. (Photographer: Dado Galdieri/Bloomberg)  

The Mindless, Money-Minting Brazil Trade Is Now Officially Dead

(Bloomberg) -- It is called the Brazil Kit. And for two decades, investors adhered to its simple maxim religiously: load up heavily on local government bonds, sprinkle in a few other assets and rak...
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