Category Archives: Brazil
Big Picture: Warning: The mini greedometer (tactical risk indicator) is displaying readings previously only seen when the S&P500 was within 5% of a secular (long term) top. The greedometer (strategic risk indicator) is approaching dangerous risk levels as well. There is very little upside and a great deal of downside to risk assets (stocks, junk bonds, commodities, REITs) at this time. A much more […] Read the rest of this entry
I have written repeatedly over the past year (and longer than that) that the US banking system is very weak – more specifically, that it is weaker than the Fed, Treasury and financial press would have us know. Here is an update, and a summary of what it means to how we are investing… The Economist magazine states that western (N America, Europe) bank […] Read the rest of this entry
First, as a continuation of the previous article, some of you may be wondering if a Spanish banking crisis may impact Brazil. The answer is probably not much. Despite the fact that some of the largest banks in Brazil are Spanish e.g., Santander, Brazil’s banks are run as independent entities from their parent companies in other countries. Plus Brazil’s banks are famously profitable from […] Read the rest of this entry
In obvious juxtaposition to the previous article, here is a “pick-me-up”. Why I am so optimistic on the Brazilian economy: First, an education: The country’s land mass is approx 90% the area of the USA (big) – 3.1M sq mi (Brazil) vs 3.5M sq mi (USA). Population: almost 200M people. (5th most populous country) Language: Portuguese Main religion: catholic (almost everyone) Government: democracy Currency: […] Read the rest of this entry
NAPFA