Robin Brooks on X: "In late 2021, markets sold Brazil & bought Russia, thinking that Brazil's politics is just too messy. The past month is a reminder that any democracy - however
Robin Brooks on X: "This is EM FX performance versus US Dollar in Q1. What could have been an all-out-rout was anything but. Brazilian Real is up almost 17% and is the
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Robin Brooks on X: "The global pandemic is ongoing & now we have Russia's terrible invasion of Ukraine. And yet Brazil's Real is up +11% year-to-date, followed by Colombian Peso (+7%), South
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Robin Brooks on X: "Brazil's Real is now up 18% this year vs Russia's Ruble, which is down -27%. Irony is that many asset managers rotated out of Brazil and into Russia
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