It’s a curiosity to -me-. I’m an investor not a trader. I’ll be in Br for at least 20 years. Why so confident? Because the corporations in Br are more powerful than the government, with military backing. Their government can’t just print money without assets and those assets are controlled by Br corporations.
How/why can I be so sure? High dividends plus the value of the underlying asset. Oil consumption isn’t going anywhere and the quality and quantity of Br’s pre-salt deposits is many decades of oil production. I don’t have the money to buy a sizeable dividend income stake of ARAMCO or Exxon.
Your interesting take on investing in Brazil. You just might be right. Did someone explain this to you. Or did you come up with this.
I can see that in Brazil the eco-loons are not allowed to mess around with their oil and gas production and oil/gas companies. No effin ESG there. That the political discourse in Brazil is not estrogen saturated, the way it is here and in Europe. Cananda too with Justine at the top, and Miss WEF herself, right after him. Chrystia Freeland.
Chrystia Freeland | World Economic Forum
The Honourable Chrystia Freeland is Canada’s Deputy Prime Minister and Minister of Finance. Ms. Freeland was first elected as the Member of Parliament for Toronto Centre in July, 2013. She was elected as Member of Parliament for University—Rosedale in October, 2015 and re-elected in October, 2019.
https://www.weforum.org/people/chrystia-freeland