Betting On Brazil

Consumer Credit Grows 10% in April Posted: 18 May 2009 09:51 PM PDT Annualised, that is 120% a year! In the Northeast of Brazil, the poorest part of the country, credit is back to September 2008 levels. Procura do consumidor por crédito sobe pelo 2º mês - AE Investimentos.

Brazil, Colombia and Peru May See Upgrades Posted: 18 May 2009 09:00 PM PDT Brazil was nearly investment grade in 1987 when a Brazilian professor of economics, single handedly convinced the Brazilian Government to declare a public moratorium, scaring every depositor in American and European Banks. At the time, a New York bank took out adds claiming, "We have no loans outstanding to countries...

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