Citation :
Petrobras (PBR -0.4%) "is the no. 1 [economic] problem in the world... because it has so much debt, Brazil is the eighth largest economy, and people aren't talking about it... it's falling apart," Jim Cramer opines on CNBC.
Investors may be missing a larger picture, Cramer says, remembering Russia in 1997-98: "I didn't think it was going to be of great impact. There was a big Goldman bond deal, and next thing I know... I felt very Ill-equipped. I don't want to be ill-equipped when talking about Brazil and Petrobras."
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