Lula – pragmatist rather than populist

Brazilian stock-markets took a nosedive when Luiz Inacio Lula da Silva came to power in 2002. The investors were suspicious of his left-leaning economic policies. But Lula proved them false. He has maintained pragmatic socio-economic policies unlike Bolivia’s Evo Morales, Venezuela’s Hugo Chavez, Cuba’s Fidel Castro or Ecuador’s Rafael Correa. His antipoverty schemes are being exported to other countries.
Economist Article – ‘Brazil – Happy Families’
The Brazilian funds in the ‘BRIC’ family of funds might be the slowest-growing, but they are also the most stable. Investors are in for long-term investing.
Economist Article – ‘Brazil – Land of Promise’
Brazilian production of electricity from sugarcane looks more promising than US production from corn. Lula and his government created concessions for seven federal roadways and privatized two banks. Hopefully the corruption scandals tainting the PT will stop and reform process will continue.

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