Thursday, November 26, 2009

Brazil lowers taxes and guess what happens??

Brazil announced they are cutting taxes to SPUR ECENOMIC GROWTH. Imagine that??? What happened?? The brazilian stock market rose, and from the article

"...Central bank President Henrique Meirelles said today industrial production is rising and the country’s gross domestic product will post “strong growth” in the third quarter..."

http://www.bloomberg.com/apps/news?pid=20601086&sid=ad9MPkeboTMU

Imagine that. A country cutting taxes to spur economic growth!!

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