A Freight Train Called The Secular Trend

The secular trend is comparable to a freight train barreling down the tracks at 50 mph. Individuals, groups, or institutions trying to oppose its direction will be smashed.

Headline: Brazil Real Weakens For 2nd Day On Government Derivatives Tax

The Brazilian real opened somewhat weaker on Thursday, still recoiling from new taxes on currency traders as the government sought to slow the Latin American currency's climb after reaching 12-year highs against the dollar.

The real opened at BRL1.5632, slightly weaker than its previous close at BRL1.5624, according to Tullet Prebon via Factset.

Source: online.wsj.com