Betting On Brazil

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It's Official: It's a V! Posted: 21 May 2009 09:38 PM PDT Job Creation, which is what recessions are all about, is a V in Brazil. See for yourself. No L, no U, a solid V. As we predicted, or actually saw, in our January post.

Sales Top 149 Brazilian Firms up 10% 1st Quarter Posted: 21 May 2009 08:00 PM PDT The First 149 Firms to publish their quarterly results for 1Q2009 show a 10% increase in sales, or 44% annualised. Profits fell 28%, mainly due to non recurring foreign exchange losses from Real 's depreciation during the American financial crisis. The Real has appreciated since then. Part of the sales...

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