The beatings will continue until morale improves!

So to answer the question from the previous post: yes, the recession is on purpose. The US Fed just admitted it: they want to create unemployment to improve the job market. They also want to cool the housing market, but their indicators are backward looking, not forward looking. 

The Brazilian government has been running a surplus all year, and thus removing money from the economy, to a total sum of R$ 150 billion until the end of July. This cannot end well.

The US government has been running a deficit, although not a big enough one to counter the effects of the rapid rise of interest rates.

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