
The political storm descending on Brazil right now is a boon in the eye of foreign investors who see a change in government as the best way to pull the country out of its doldrums.
Stocks and the real led global gains Thursday after President Dilma Rousseff’s naming of Luiz Inacio Lula da Silva, her predecessor and mentor, to a Cabinet post appeared to backfire, spurring speculation her impeachment is more likely. With congress paralyzed by the political battles, the view of some analysts and investors is that new leadership is needed to end the worst recession in a century and reverse a record fiscal deficit.
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