Well! Here goes. My first post. Thanks to pthoreson for the EWZ
post. EWZ has been good to me and I am impressed with Brazil. Their
energy policy has made them independent. Can you imagine that. A
country with an energy policy. Far out!!!
If you put EWZ in the above window of Matt's $NASI chart you
will see that the NASI has correlated fairly well EWZ performance.
The correlation with QLD has been +0.82 over the last 6 months but
-0.19 over the last year. Thus, a recent occurance.
I have parked some money in BZF to gain better money market
interest and to avoid the dollar. If the real is going to drop, I
better be careful.
Posted by pthoreson on 21st of Jul 2008 at 10:08 pm
"The beach at San Luis is fantastic."
Good to see another Brasil nut here!
I would definitely keep a close eye on the currency. The
Brasilian government has recently adopted a new strategy
to control the rise of the Real, allowing Brasilian companies
to leave dollars earned outside Brasil in foreign banks (and not
bring them into Brasil to exchange into Real) to appease exporters
and maintain, if not devalue, the currency.
I read a lot of information about the Brasilian economy and will
post some of my favorite sources as time allows. There are a couple
RSS feeds which are great resources and include more than just the
financial aspects of life in Brasil.
When reading comments to articles about Brasil it is helpful to
be aware that the most vocal critics of Brasil are the ex-pat
Brasilians living in the US. They were burned badly, left the
Country and have nothing good to say about Brasil. Most refuse to
believe that Brasil might actually become a "real" country.
In a conversation today about Brasil a comparison with
Canada came up - in dollar exchange terms the Brasilian Real is
today worth what the Candadian dollar was worth just 8 years ago.
Amazing for a Country which elected its first President and
Congress just over 20 years ago following military rule since the
early 60's. Just after that election, the new government froze
all private bank accounts, the Country had inflation of 300% PER
MONTH and then recently shocked the world by electing a
President many thought was a communist - Lula (who is a subject all
to himself).
EWZ
Posted by 1940aeg on 20th of Jul 2008 at 09:33 pm
Well! Here goes. My first post. Thanks to pthoreson for the EWZ post. EWZ has been good to me and I am impressed with Brazil. Their energy policy has made them independent. Can you imagine that. A country with an energy policy. Far out!!!
If you put EWZ in the above window of Matt's $NASI chart you will see that the NASI has correlated fairly well EWZ performance. The correlation with QLD has been +0.82 over the last 6 months but -0.19 over the last year. Thus, a recent occurance.
I have parked some money in BZF to gain better money market interest and to avoid the dollar. If the real is going to drop, I better be careful.
The beach at San Luis is fantastic.
EWZ
Posted by pthoreson on 21st of Jul 2008 at 10:08 pm
"The beach at San Luis is fantastic."
Good to see another Brasil nut here!
I would definitely keep a close eye on the currency. The Brasilian government has recently adopted a new strategy to control the rise of the Real, allowing Brasilian companies to leave dollars earned outside Brasil in foreign banks (and not bring them into Brasil to exchange into Real) to appease exporters and maintain, if not devalue, the currency.
I read a lot of information about the Brasilian economy and will post some of my favorite sources as time allows. There are a couple RSS feeds which are great resources and include more than just the financial aspects of life in Brasil.
When reading comments to articles about Brasil it is helpful to be aware that the most vocal critics of Brasil are the ex-pat Brasilians living in the US. They were burned badly, left the Country and have nothing good to say about Brasil. Most refuse to believe that Brasil might actually become a "real" country.
In a conversation today about Brasil a comparison with Canada came up - in dollar exchange terms the Brasilian Real is today worth what the Candadian dollar was worth just 8 years ago. Amazing for a Country which elected its first President and Congress just over 20 years ago following military rule since the early 60's. Just after that election, the new government froze all private bank accounts, the Country had inflation of 300% PER MONTH and then recently shocked the world by electing a President many thought was a communist - Lula (who is a subject all to himself).
Brasil`````
Posted by maverick on 22nd of Jul 2008 at 09:43 am
I've been to brasil twice, what a place. Loved it can't wait to go back to Rio,