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    a whole. But the lingering question is whether Brazil’s economic recovery is sustainable or just another stage in the ec
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    In 2006, while investing in BRIC countries was the rage, China and India received most of the attention. The China ETF (FXI) was up 84% and India’s SENSEX index was up over 50%. Meanwhile almost lost in the shuffle, the Brazil ETF (EWZ) was up 45.4% - not bad, not bad at all.

    With 187 million people and an area only slightly smaller than the United States, this leading South American economic power together with Chile and Colombia are changing attitudes toward the region as a whole. But the lingering question is whether Brazil’s economic recovery is sustainable or just another stage in the ec

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    XI) was up 84% and India’s SENSEX index was up over 50%. Meanwhile almost lost in the shuffle, the Brazil ETF (EWZ) was up 45.4% - not bad, not bad at all.

    With 187 million people and an area only slightly smaller than the United States, this leading South American economic power together with Chile and Colombia are changing attitudes toward the region as a whole. But the lingering question is whether Brazil’s economic recovery is sustainable or just another stage in the ec

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    p 45.4% - not bad, not bad at all.

    With 187 million people and an area only slightly smaller than the United States, this leading South American economic power together with Chile and Colombia are changing attitudes toward the region as a whole. But the lingering question is whether Brazil’s economic recovery is sustainable or just another stage in the ec

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    , this leading South American economic power together with Chile and Colombia are changing attitudes toward the region as a whole. But the lingering question is whether Brazil’s economic recovery is sustainable or just another stage in the ec
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    a whole. But the lingering question is whether Brazil’s economic recovery is sustainable or just another stage in the economic cycle.

    What is most interesting to me is that Brazil’s stock market’s performance during the past four years is not due to superior economic growth. It has had an annual average growth rate of only 2.6%, about half of world economic growth during the same period. My view is that Brazil has been primarily a balance sheet story supported somewhat by the commodity boom.

    With Brazil’s President Luiz Inacio Lula de Silva being sworn in for a second term today, let’s

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