Brazil | The Daily Capitalist

Consumer Nondurable Stocks May Be Unsafe Refuges As Investors Desperately Seek Yield

With the Global Dow (click on ’5Y’ for five year view) having peaked in the first half of 2011, in line with my incessant warnings last spring and early summer, and having hit its peak far below its 2007/8 peaks, and with the downtrend in the Global Purchasing Managers Index to a new cycle low below 50, the [...]

The Brazilian Way

This is an excerpt from Brazil on the Rise: The Story of a Country Transformed by Larry Rohter, and published by Palgrave Macmillan (2010). These come to me via DelanceyPlace.com, who send out book excerpts on interesting topics.

This one is about how one gets around a bureaucratic, regulated, and mostly dysfunctional state. It could be the tale of [...]

Message From The Land of Conventional Wisdom 2.0

With all the talk of China (4 panels) I finally got to hear about Brazil. And the word on Brazil is inflation. I know this is shocking news but, folks, Brazil’s success has not been entirely based on economic liberalization. Let’s put this in perspective. The main driver of economic growth has been exports: iron [...]

Stagflation Update: Focus on the U. S. and Brazil

On February 28 of this year, I wrote a post for The Daily Capitalist entitled “Getting Real”. Its focus was the bullish case for the Brazilian real. Since that time, the real has appreciated about 1% a week. The closed-end fund that tracks the value of the real vs. the U. S. dollar, stock symbol [...]

The Great Immoderation

In both 1960 and 1980, the American people were enduring their fourth recession in about 12 years. Each time they elected as President a man who pledged to get the economy moving again. Each had a program of tax cuts, Federal deficits, debt monetization, and increased military spending. In JFK’s case, his Keynesian economists followed [...]

Getting Real

As Econophile reported recently, the #2 person at the Fed (Janet Yellen) came out last week insisting that creating more money was key to economic growth, and that the Fed needed to do a better job that it would persist in this money creation for longer than many expect. Her reasoning has something to do [...]

Hedging Against Dollar Weakness Part I

This series of articles focuses on prospective U.S. dollar weakness and how to invest accordingly as a U.S.-based individual. This is Part I, with one or more additional parts to follow. This article originally appeared on EconBlog Review.

I think that most investors based in [...]