OilFieldTrash45

EWZ Not a True Indicator of Brazilian Economy

I visit Brazil often. In the last 2 years I have seen people go from buying a T-shirt for their birthdays to buying MP3 players. Is it as rich as America? Hell no. Is it growing fast. Yes. Their big problem is unemployment. I do not see an uneducated work force. I see college graduates without work. It is just like the United States in one major way. Politics can make or break there growth cycle. All we can do is wait and see. By the way... I own EWZ. I hope this article creates a pullback on the ETF because I want to buy more.