Sakano at Valor

Tuesday I usually check what the Fatso wrote at Valor. But today Sakano stole the scene. Our many jabuticabas and the underperformance can be explained, he claims, by the way interest rates are set by the Central Bank. Untie this Gordian knot (lower the Selic) and we move to a good equilibrium. Two points to remember:

1)      Nakano will push this idea to Dilma. She also listens to Beloser, who says the evil markets are holding the Government hostage. And to Fatso, who never speaks his mind.

2)      If the last couple of years were not enough to convince Sakano otherwise, nothing will