Brazil Economy Watch: Brazil Retail Sales April 2008

Tuesday, June 17, 2008

Brazil Retail Sales April 2008

Brazil's retail sales rose 8.7 percent in April from April 2007, according to the latest data from the national statistics agency. The April increase was down from a revised 11 percent increase in March, according to data from the national statistic office in Rio de Janeiro.

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Claus and Edward's "Baker's Dozen"

Claus Vistesen and Edward Hugh are proud and happy to announce that they are now working as "featured analysts" with a new Boston-based start-up - Emerginvest.

Claus and Edward have used a new, updated, methodology in order to identify a group of 13 emerging economies which we consider are going to outperform both the rest of the emerging economy group and the OECD economies in terms of a number of key performance indicators over the 2008 - 2020 horizon.

Through our association with Emerginvest we hope to develop performance indicators which will confirm both the relevance and validity of the selection procedure adopted.

We would like to point out that we have absolutely no financial connection whatsoever with Emerginvest - although we do heartily endorse what they are trying to do.

In particular we see the move by the investment community towards emerging markets as one of the most effective and direct ways to address those issues of inter-country wealth and income imbalances which have plagued our planet for so long now - namely by getting the money from the rich who have it to the poor who need it.

Sending investment to emerging economies is also a way of addressing the underlying imbalances which exist between the relatively older populations of the developed economies who increasingly need to save, and the relatively younger emerging economies who can benefit from the investment of those savings in their countries. So in a way you can both ensure the future of your own pension and help attack poverty at one and the same time. This type of possibility is normally known in economics as "win-win".

More theoretical background on the methodology behind this choice can be found across the posts in our Demography Matters and Global Economy Matters blogs.

The oldest known source and most probable origin for the expression "baker's dozen" dates to the 13th century in one of the earliest English statutes, instituted during the reign of Henry III (r. 1216-1272), called the Assize of Bread and Ale. Bakers who were found to have shortchanged customers could be liable to severe punishment. To guard against the punishment of losing a hand to an axe, a baker would give 13 for the price of 12, to be certain of not being known as a cheat. Specifically, the practice of baking 13 items for an intended dozen was to prevent "short measure", on the basis that one of the 13 could be lost, eaten, burnt or ruined in some way, leaving the baker with the original dozen.

Claus Vistesen is a 23 year old macroeconomist who is on the point of finishing his MSc in Applied Economics and Finance from the Copenhagen Business School. His primary research interests are international finance and international macroeconomics. Claus is especially interested in how the changing structure of global and national demographics impacts on local macroeconomic performance. Moreover - and as the wonk he ultimately is - he also takes a considerable interest issues and methodologies associated with econometrics, and this is an interest he intends to develop in his postgraduate research.

Claus is a regular contributor to:

Seeking Alpha
Global Economy Matters
Demography Matters

Edward 'the bonobo' is a Catalan macroeconomist and economic demographer of British extraction, now based in Barcelona. By inclination he is a macroeconomist, but his deep-seated obsession with trying to understand the economic impact of contemporary demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".

He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource".

Edward currently writes for:

RGE European EconMonitor
Seeking Alpha
Global Economy Matters
Demography Matters
A Fistful of Euros
India Economy Blog

What Is Brazil Economy Watch?

Brazil Economy Watch is a weblog dedicated to following the day to day progress of the Brazilian economy. The Weblog arose out of my curiosity about the roots of the particular mix of economic possibilities which Brazil has in front of her, and about what might be learnt from studying these as they evolve.

Brazil has a historically unprecedented combination of structural development possibilities stemming from an extraordinarily high inward flow of funds (which is part of the whole global liquidity phenomenon and a favourable demographic movement (know as the demographic dividend). Naturally, these possibilities are far from being risk free, since the global liquidity situation can unwind just as rapidly as it came into being, and the demographic dividend is far from automatic, and may well be frittered by the application of unjudicious policies. It should be said however, that even while many things are far from perfect in this regard, Brazil has taken significant strides forward over the last decade

Needless to say many of these possibilities were ever really contemplated in the standard economic text books.

A great deal more background and information about the theoretical perspective which informs this blog may be found over at the Demography Matters
blog.

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Tuesday, June 17, 2008

Brazil Retail Sales April 2008

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