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This thread is for all things Brazil. The devaluation, investment opportunities, government reforms, etc... With the biggest privatizations behind it, Brazil can no longer finance its deficit by simply selling off government assets. It needs reforms in the public pension and taxes. Will it do so? Can it do so?
Buying when blood was running in the streets was profitable last year in Korea - if you waited until the blood was over your head before you bought. I'm moving in now with significant amounts of Unibanco and Telesp Cellular as long-term buys, though I am wary that just one foot has dropped in this saga, and the other is looming above our heads.
Good investing,
Mike
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