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Consumer spending firm in the third quarter

Very good news were out today. Credit conditions are strong, along with solid job creation, and rising real income.Car loans are up 16% according to a report released today on consumer spending. Lending to individuals maintained a solid pace in July, with daily average concessions jumping 1.3% over June, adjusting for inflation and seasonality. ThisContinue reading “Consumer spending firm in the third quarter”

Venture Capital on the rise in Brazil

Until now, Brazilian entrepreneurs did not know what venture capital meant. High interest rates and heavy bureaucracy were burdens preventing VC. But now, all eyes are over Brazil. Recent article in Times Magazine available at Yahoo Finance praises VC in tech companies. “Macro reasons” to boost VC Brazil is expected to grow by 7.1% this year and soarContinue reading “Venture Capital on the rise in Brazil”

A country of “Nouveaux Riches” .. yet Brazil is 3rd income inequality

Luxury items? Doing fine thank you. A recent survey by consulting firm PonteEstratégia revealed that middle class Brazilians(earning R$1,500-R$5,000 per month) spend 30% to 60% of their income on luxury items. On the same note, GFK institute and MCF consultancy announced that the luxury market in Brazil will grow more than the economy as a whole; 23%Continue reading “A country of “Nouveaux Riches” .. yet Brazil is 3rd income inequality”

Informal economy represents 18% of GDP in Brazil

Heavy taxes and a lot of bureaucracy. Those are the thoughts that came to my mind when I saw the latest FGV estimate; Brazil’s informal economy is R$578bn, or the equivalent to Argentina’s total GDP. The good news is that although sizeable, the statistic reveals a more formalized economy than in 2003, when 23% of GDP was estimated to be informal.

Another fund to invest in Brazil. This time it is Allianz’s

Allianz Group, one of the leading global services providers in insurance and asset management, announced a new fund to be invested in its majority towards Brazil, and nearly one third of the fund may be invested in other Latin American and international companies, provided they generate a significant proportion of their sales and earnings in Brazil. TheContinue reading “Another fund to invest in Brazil. This time it is Allianz’s”