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Brazilian Interest Rates: Will They Ever Learn?

So, once again, it’s time to remind the world that the interest rate that counts is the real interest rate (corrected for inflation) in your local currency. People who don’t live in Brazil are automatically exposed to exchange rate risk when they send part of their wealth off to Rio. Continue Reading →

Financial Literacy Month

An April 4 joint press release by the Federal Reserve Bank of Chicago and Visa, Inc. trumpeted the main points made by speakers at the National Literacy Summit. Earlier … President Obama announced that April was National Financial Literacy Month. My irony meter exploded. Continue Reading →