Archive for March, 2010
Brazil’s crisis philosophy: Foreign currency reserves trump IMF credit lines
One reason for Brazil’s relative success at navigating the current economic crisis is that it maintains US $243 billion in foreign exchange reserves. These reserves have acted as a crisis fund, of sorts, for the Brazilian government. Brazil has been able to use the fund to avoid having to rely on credit lines from international [...]
Brazil’s agricultural output expected to rise
Brazil is an agricultural powerhouse and a world leader in exports of soybeans, sugar, orange juice, and coffee. It is also one of the top producers and exporters of cotton, poultry, and beef. This trend of Brazilian dominance in agriculture seems poised to continue with an expected 8.5% increase in production for grains, legumes, and [...]
Everyone Wants Security, As Farmland Prices Go Parabolic
Latin America price arbitrage exists in hi-quality farmland – prices ranging from $2000 to $3000 per acre in Uruguay and Paraguay, for ready to farm properties. The problem of feeding Asia exists no matter if the USD and EUR ultimately become worthless over the next 2 decades with massive money printing. Farmland prices will likely [...]
Chile learns how trust its military, 20 years after Pinochet
Chile has made great strides since the end of the Pinochet dictatorship in 1990. Under Pinochet there was extreme political repression, including at least 3,000 people who were “disappeared” and murdered because of their political opposition to the regime. In the last 20 years Chile has enjoyed rapid improvements in its economy and society, but [...]
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