I’ve got to comment on Brazil’s (NYSEARCA:EWZ) idiotic move last week to impose a 2% tax on real stock and bond purchases to scare off foreign investors. It’s like firing off an emergency flare in the night and saying “Come and get me.” If any portfolio manager was living in a cave for the past ten years and somehow missed the attractions of investing in an emerging market that exports food and energy, has an appreciating currency, and an almost perfect demographic profile, they can see it now, clear as day. This lunacy reminds me of Malaysia prime minster Mohamad Mahathir’s rantings and ravings about George Soros’s selling of his country’s markets during the Asian financial crisis, when in fact, George was buying. I sympathize with Brazil’s dilemma, similar to those of the Swiss during the eighties and nineties, when the whole world wanted to buy their currency, forcing the government in Berne to drive interest rates to zero, pushing domestic prices through the roof. But this is the price of economic success. Everyone wishes they had Brazil’s problems. Better to just let things be.