To: Elroy Jetson who wrote (20819 ) 8/7/2007 4:54:42 AM From: elmatador Respond to of 218757 "Brazil are Submerging Markets?' Brazil Is in the First Phase Of an Economic Renaissance Brazil's real estate prices, propelled by a growing economy and an influx of foreign money, are rising sharply and steadily. That's true in the interior, where Elisabeth's sister has gotten higher and higher bids for an undeveloped lot. And it's true on the coast, where our beach condo has appreciated very nicely in the last couple of years. Meanwhile … Brazil's once-huge foreign debts have been paid off. Its trade deficit of yesteryear has been transformed into a massive trade surplus . And its vast natural resources are in tremendous demand, selling in ever greater amounts, fetching ever higher prices. Many of the highest-yielding sugar cane varieties used to produce ethanol in Brazil are developed at the Escola Superior de Agricultura "Luiz de Queiroz" (ESALQ) in my adopted home town of Piracicaba. The sprawling campus, spread out over 9,500 acres, has one of the world's most advanced genetics research centers for agriculture. Brazil is also leading the worldwide ethanol revolution. In fact, thanks in part to high-yielding cane varieties developed in the same town where Elisabeth and I went to high school, the ethanol industry is booming. Many people in North America don't understand, or don't believe in, the ethanol revolution. But I think that's mostly because their views are molded by the ethanol industry in the U.S. The difference is that America's ethanol, made from corn, takes too much energy to produce. It drives up the price of food and feed. It requires never-ending government subsidies. Brazil's ethanol, made from sugar cane, is another matter entirely. It's clean. It's cheap. And it has reduced Brazil's dependence on imported oil to zero. Suddenly, the global surge in energy costs, which used to be a huge drain on Brazil's economy, is now a great boon to its growth. United States Day of Reckoning! marketoracle.co.uk