Good morning! The changes with Brazil’s money laundering enforcement agency. New rules for housing loans demand a leap of faith in Brazil’s macroeconomic scenario. The “black box” of the National Development Bank, BNDES. The meltdown of Oi Telecom. President Bolsonaro could drop his son’s nomination to the position of ambassador to Washington DC. (This newsletter is for platinum subscribers only. Become one now!)
How much can you trust Brazil?
Caixa, Brazil’s biggest state-owned bank,