Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (1627)	7/24/2016 10:58:47 AM
From: elmatador	Respond to of 2504

Nation’s stocks, bonds outperforming most emerging markets Two Months In, Brazil’s Temer Emerges as a Big Market Favorite July 22, 2016 — 11:00 AM SAST Nation’s stocks, bonds outperforming most emerging markets Temer wins praise for naming Meirelles, Goldfajn to key posts Michel Temer may not have completely won over Brazilians since taking over as acting president in May, but he appears to be a big hit with investors. Brazil’s benchmark equity index has now soared almost 60 percent in dollar terms this year, while overseas government bonds have returned 26 percent. Investors have poured into Brazil on optimism the 75-year-old career politician will be able to pull the economy out of its worst tailspin in more than a century. Brazil is taking advantage of the improved mood, selling $1.5 billion of global notes Thursday as borrowing costs fall. Temer has yet to push through any major policy proposals, but he’s impressed investors by assembling what Goldman Sachs Group Inc. has called an economic dream team, which includes Finance Minister Henrique Meirelles and Ilan Goldfajn, head of the central bank. Temer, who replaced Dilma Rousseff while she faces an impeachment trial, has also improved relations with Congress, fueling hopes he can pass legislation to repair Brazil’s finances. “The honeymoon with Temer is not over yet,” said Edwin Gutierrez, the London-based head of emerging-market sovereign debt at Aberdeen Asset Management Plc, which oversees $420 billion. “He’s doing better in Congress than most people had expected. Investors expect that Temer continues to stop the bleeding and move the reform agenda forward.” The International Monetary Fund said Tuesday that consumer and business confidence “appear to have bottomed out” in Latin America’s biggest economy. Still, only 14 percent of respondents in a Datafolha poll this month said they considered the government “good or great,” while a third viewed it as “bad or terrible.” About a third of those surveyed said they didn’t know who the president is. Temer’s status is still dependent on whether Rousseff is formally impeached. A final vote on whether to oust her for allegedly doctoring budget figures is likely in August. A wide-ranging probe into corruption also remains a risk for investors bullish on Temer. The investigation has already implicated some of the largest conglomerates and high-profile politicians. Three members of Temer’s own Cabinet have resigned after being linked to the probe. “Every week or so you learn that a different company is involved in some corruption investigation,” said Jason Trujillo, a senior emerging-markets analyst at Invesco Ltd. in Atlanta. "You need to find some level of resolution to all the investigations going on. If these get resolved as the country moves on, that could certainly unlock value.” The rally in the Brazilian real has helped propel the gains in stocks and bonds. The currency has gained 21 percent against the dollar this year, the most in the world. The cost to hedge against losses in Brazil’s bonds has also plunged by nearly half since September, when the country lost its investment grade. Financial assets have also gotten a boost from improved global sentiment as commodities prices rebound. Even after the run-up in prices, there are more gains to be had in Brazil, said Alejo Czerwonko, an emerging-market investment strategist at UBS Wealth Management in New York. The firm, which oversees $1 trillion, is overweight Brazilian equities in its emerging-market portfolios. “Brazil offers some of the most interesting investment opportunities across asset classes in emerging markets," Czerwonko said.

To: THE ANT who wrote (1627)	8/1/2016 10:39:19 AM
From: John Vosilla	Respond to of 2504

I just do not believe that assets will lead the US economy down but that US GDP growth failure will happen and can lead assets down and create a vicious circle. The only question is will Trump win and will he began deficit spending on infrastructure prior to the economy turning down Guessing we can continue to have weak but positive GDP and job growth for years to come in this rate environment with no ramifications. Delinquency rates on mortgages continue to trend down. Mortgage debt/GDP at low levels in the USA. Most of the developed world outside of Germany is quite the opposite from what I read but at least Germany has much more of a balanced real economy compared to the US house of cards financially engineered recovery.. Plus debt service to income levels affordable due to level of interest rates. Can say the same for public interest expense to GDP trending slightly lower even as Obama has doubled the national debt, Asset prices trend higher following the lead of Amazon and San Francisco housing to the bitter end. Someday we crash but not anytime soon. New all time high NASDAQ as well as in national median home prices in June was met with a yawn nobody paying attention..