The USD closed yesterday at 1.90 Brazilian Reais. This is the lowest level since September 2008.
The BZF, Brazilian real currency ETF, is down 12% in the last 1 year, and is up an astounding 47% since September:

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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
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