The world is feeling the inflation created by covid and warmongering. US and European countries are sanctioning themselves, increasing energy, grain and other commodity prices. Central banks are foolishly raising interest rates globally to try to contain it (raising interest rates leads to more inflation). The US government has been cutting the fiscal deficit. So far $1.5 trillion. And they are proud of it. Recession will surely follow. Brazil's only chance to survive through this is with Lula's win, followed by removal of the useless expense ceiling.   This year, we’re on track to cut the federal deficit by over $1.5 trillion – the biggest decline in a single year ever. — The White House (@WhiteHouse) May 6, 2022

The interest rate curve for Tesouro Direto below is inverted, meaning the future rates are lower than near term rates. This is not a good sign, it usually means we are undergoing an inflationary period but expect lower rates int he future due to a financial crisis of some sort, hence the lower future rates. This makes sense from the latest news of Brazil's past quarter showing a technical recession.

The government's debt as a % of GDP means absolutely nothing. There is no correlation between the two, no cap on government debt issued in its own currency. It does not create "debt for our children to pay". Ignore any news article or economist who says otherwise. Dívida pública brasileira sobe para 90% do PIB e bate novo recorde

It doesn't look like it to me... Sinais por toda parte indicam que economia está decolando, diz Guedes

The financial media is now asking for higher interest rates in Brasil. They claim it is needed to hold back inflation. Its like no one understands how money really works. Well, the big money will win, and interest rates will go up. When that happens, usually the stock market goes down. So stockholders beware! On the plus side, the Real should go up in value against the US dollar. Everyone will be too broke to take advantage of that though... This is messy. With high unemployment, low GDP, devalued currency, high inflation, to increase interest rates is almost suicidal. It will hurt whatever was left of the economy, creating your typical stagflation. With Guedes in power, there won't be any countercyclical measures, there will be procyclical ones, meaning digging ourselves…