Brazil does bailouts too!

Not quite a bailout actually, it's a sovereign wealth fund signed into law. But another nation's government is taking a very active role in trying to protecting itself from the global economic turmoil. Let's hope Lula invests wisely...

Plus Minus

Brazil did alright this year but growth could slow to half speed next year, the AP reports. Everyone is feeling the crunch and this country is no different.

No more fun with PBR?

Petrobras might get nationalized. Sure Brazil has plenty of poor people to support, but is socialization really the answer?

Who wants in?

Hopefully the Brazilian government doesn't want too big of a cut out of the profits from Petrobras, bolstered by another oil find. Word is the president of Brazil wants to get in on the fun, possibly nationalizing the company. No small part of the Brazilian ETF, EWZ, is taken up by PBR.

EWZ It's that Ea (wuh) sy.

The Brazil EWZ ETF moves with some stocks tracked on that country's market. Should be fun to watch given the recent volatility. Solid analysis of this etf can be found over at SeekingAlpha.com.

Keys to the Brazilian Boom

An informative article from the Houston Chronicle talks about how the Brazilian economy is being pushed forward by the increasing confidence in banks by it's citizens. A large part of consumer financing is for autos, fueled by a marked increase in car production in 2007.