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I've seen it before.
It happened in...Argentina... Russia... Latvia...and Iceland.
Wall Street analysts touting a country or region...hyping it to the heavens... producing a financial bubble that finally bursts...decimating the country and its newest investors.
Is that happening now to Brasil?
Is it time to beware... of the Brasil Bubble?
http://www.bloomberg.com/apps/news?pid=20601213&sid=aqcQ5ueaT1Xs
Of course, foreign investors aren't always wrong when pouring money into a country.
China is a good example of that. Still growing, albeit slower, during a world-wide recession.
Meanwhile, Brasil has finally declared to be in recession...after its economy contracted...1.8%... in the first three quarters of 2009.
Foreign investors have been putting money into Brasil recently hoping that it will be one of the first countries out of recession, based on the growing commodity needs of China.
http://news.bbc.co.uk/2/hi/business/8091632.stm
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