Saturday, May 24, 2008

Rhetorical question


I woke up this morning thinking how lucky I am. I love my job and I really believe on what we’re doing!
I work for a company that is investing in the right places. We’re now receiving the dividends on the, at the time, bold decision of investing outside Europe.
The western economies are in the middle of an “old people” turmoil: the fundamentals are good, but the confidence in the future is lower than most of us can remember. The BRIC’s are growing with confidence and with market solidity.
The oil is more expensive? Who cares, for most of the new users in the emerging (growing) world it’s the first time they can afford a car. For them, it’s the difference between non consumption and consumption. For the westerners, and in spite of all the current ominous malthusians, the economies are far less oil and natural resources dependent than they were 15 years ago. Brazil is the new player in the energy ground, with oil, sugar cane growing like a weed and 8% of the farming land in the world (Petrobras is now bigger than General Motors, sorry lads). The economy is growing at a two digit rate and the best part is the reflection in my own paycheck!
Those who think that Brazil is still a third world fragile economy should look again... for S&P the investment grade (BBB) is now, and other agencies are expected to follow. In Cape Verde a growth above 7.5% is not bad for 2008.
Should I invest my savings in Europe or in the next big thing?

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