, Columnist
Brazil Is Turning Its Fiascoes Into a Much-Needed Win
Latin America's largest economy was used to corruption and inflation. How will it handle good news?
Well, here are some things you don't see every day. A few headlines in Brazil are aligning to show Latin America's largest economy a path back toward confidence -- and, just possibly, to restore some of the world's confidence in democracy.
The first unusual circumstance is that Brazil's central bank governor will almost certainly have to write a letter to the finance ministry explaining why inflation is ending the year below the 3 percent floor of the target range. Too-high price increases have traditionally been Latin America's foil. That's always a "dog bites man" story, hardly worth mentioning. What's happening now is news, akin to "man bites dog."