Friday, June 4, 2010
Profit from Brazil's New Boom
By Ronan McMahon
If you've been following these dispatches you'll know I'm bullish about Brazil—Fortaleza in particular. And today, there is a pocket of opportunity right in the heart of downtown Fortaleza that proves my point. This area has been neglected...
But there is a plan. And you can profit from it.
Last year Brazil became a middle-class country. This year, 2.5 million new jobs are expected, and growth of 5.5%. Credit and mortgage finance is opening up. Brazilians have a new confidence. My Brazilian contacts tell me that today when they make some money, they invest it in Brazil.