Brazil Traders ‘Sell First, Ask Later’ as Panic Hits Markets
(Bloomberg) -- First it was a collapse in the currency. Now the rest of Brazil’s financial markets are in the cross-hairs as investors lose faith in the government’s ability to contain a deepening fiscal crisis.Most Read from BloombergHow California Sees the World, and ItselfThe selloff that sent the real plunging to a record low is engulfing everything from stocks to local-currency debt to dollar bonds, with traders even piling into hedges against a sovereign default. Market watchers say extrao
