Blog Post

Controlled Inflation, a superbly managed central bank, 3%+ growth projected for 2009,  newly minted investment-grade ratings from S&P + Moody's, and world-class blue chips selling at huge discounts should make any serious investor have a second look at the "B" in BRIC. An estimated $200 billion in reserves puts the country in an enviable position, as it should be able to contain the damage from the global derivatives implosion.

Having suffered from the selloff in commodities this year, EWZ, the Brazilian ETF, is trading more than 50% below its '08 highs. Patient investors will be immensely rewarded for initiating a position now, and adding incrementally over the next six months.