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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (57587)	12/26/2004 1:00:29 PM
From: elmatador	Read Replies (2) \| Respond to of 74559

Anything good in Brazil? No quake, no tsunami, no volcano, no draught, no desert, no hurricane, no ice cold temperatures, no fundamentalism... You wanted more good than that?

To: TobagoJack who wrote (57587)	12/26/2004 6:37:14 PM
From: elmatador	Respond to of 74559

After 20 years of growth followed by downturns, not many are believing this is going to be sustainable or what they are seeing is not for real. Lots of shops got emptied before Xmas because they didn't stocked up, they were waiting for less consumers. Now, industrial production will kick start in the first two months to replenish stock with a vengeance. And I think this cycle of growth we are in is sustainable, because of three factors: the demographic window, infrastructure built out done and the better education of the masses The demographic window shows less children as burden to be carried by the working adults. Today you put another turbine to spin in Itaipu Hydroelectric plant instead of building a new one. The roads need maintenance or duplication rather than build anew. So it goes for harbours, railways and bridges and so forth. Besides infrastructure is cheaper (much cheaper) and can be implemented faster than before. The mass is better educated than before. Countries get better economically due certain set of circumstance that have nothing to do with cleverness of the government. They get the credit but even if they make mistakes, but the circumstances are right, they could do no wrong.

To: TobagoJack who wrote (57587)	12/27/2004 9:49:13 AM
From: elmatador	Respond to of 74559

Brazil is ending its biggest year for initial public offerings since 1986, and more companies are lining up to go public next year as a rising stock market and a growing economy encourage investment. Seven companies completed initial share sales, led by Gol Linhas Aereas Inteligentes SA, a discount airline whose June sale accounted for a fifth of the 4.55 billion reais ($1.68 billion) raised this year. The IPOs were the first in Brazil since February 2002. Power utility EDP Brasil, apple producer Renar Macas SA and software company RM Sistemas all plan IPOs during 2005 in Latin America's biggest stock market, according to filings with the country's stock-market regulator and company statements. ``No doubt we will see more IPOs next year,'' said Nelson Rocha Augusto, 41, president of Rio de Janeiro-based BB DTVM, Latin America's largest asset manager, in an interview. ``Investors' interest in holding stocks in their portfolios is growing significantly.'' Augusto's firm oversees $44.8 billion. The Sao Paulo bourse, the region's largest with a market value of $330 billion, attracted more new listings this year than any other in Latin America. Only four other IPOs took place in the region -- two in Mexico and two in Chile. bloomberg.com. Brazil's Bovespa stock index is up some 15% this year, powered by companies such as Companhia Vale do Rio Doce, a major exporter of iron ore, and CSN, a major steelmaker. Rio Doce, CSN, and other basic industry companies should continue to do well considering the world's voracious appetite for raw materials, especially in China. businessweek.com