The World's Best Performing Market Is Still in Serious Trouble

  • Optimism over possible impeachment in Brazil is fueling gains
  • Rally is papering over crippling deficit, recession, inflation

After a disastrous 2015, Brazilian stocks and bonds are posting the biggest gains among global peers this year. Speculation that President Dilma Rousseff could soon be ousted, ending a political stalemate that has paralyzed the country, is fueling the rally.

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