Brazil Currency, Stocks Tumble As Former President Lula Accepts Cabinet Position

from Zero Hedge

Update: Confusion abounds as the government is now said to delay Lula’s appointment after Senator Delcidio Amaral’s plea bargain. According to Veja, Rousseff’s former chief of staff Aloizio Mercadante allegedly offered financial, political and legal aid in exchange for Amaral’s silence.

* * *

Just yesterday, we showed you Brazil’s stagflationary nightmare in one simple chart.

Here’s the amusing (or depressing, depending on if you’re a Brazilian) graphic:

Continue Reading at…