On the topic of Brazilian Wealth

ITAU UNIBANCO Equity Strategy: Riche Comme un Brésilien The expression “riche comme un Argentin” became popular in Paris, at the end of the 18th century, and continued to be used until the early 1930s. The phrase was generally used to describe any wealthy individual, suggesting he or she was as rich as an Argentine—this wasContinue reading “On the topic of Brazilian Wealth”

Electricity consumption in May: Strong Growth

Electricity consumption in May went up 10.5% YoY, according to the Federal energy research bureau (EPE). Industrial segment was the main responsable for this figures. Industrial consumption reached +15.4% YoY. It means that   industrial activity is growing fast.g relevant growth. “After the financial crisis, we highlight the mining and steel sector, with consumption growing 50.7%Continue reading “Electricity consumption in May: Strong Growth”

Brazilian millionaires

Brazil has 127k families with net worth above US$1mn, according to Boston Consulting Group research just made public recently. This means that Brazil is 17th in the ranking of countries with the most millionaires. The US ranks 1st  with 4.1mn households, Japan comes in 2nd, and China, 3rd. India and Brazil, together with China, are the only emerging markets on the 20-countryContinue reading “Brazilian millionaires”