I remember that someone was interested in a vehicle to invest in Brazil.....sorry my mind is "absent minded" these days. Anyhow below is what Chuck Butler had to say about Brazil today (Friday):

"Brazil's Finance Minister, Mantega, was in the news last night, as he gave a speech about the Brazilian economy... He said a couple of things that I've highlighted...
1. "Brazil to have surplus of 3.3% of GDP in 2010"
2. "Brazil's economy will grow at 7% pace in 2010"
3. "Brazil will not allow currency to get stronger"
4. "It's not easy to contain Brazilian real's gains"

So... Here' the skinny... The Fin Min sees some good strong structural fundamentals for Brazil, which he knows, and we all know, will drive investors to the real... But he doesn't want the real to get too strong, which would upset his exports applecart... But in the end, there's not much he can do to stop the real's gains, if the markets want to push it higher... And that's been my argument all along, as the Gov't has tried a couple of things already to stem the real's gains.... It will work short-term, for all it does is give investors that have profits an excuse to take them... But that's just short-term... Eventually, the swarm of bees (investors) comes in to sting the Gov't, and take the real higher... "
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