Best Economy in the Americas – Brazil

Tony Daltorio, The Investment U Research Team

Wall Street tends to take a very myopic view of the world – the view that the entire financial universe revolves around them and the United States. And that what goes on in other countries is unimportant.

It’s why many Wall Streeters have missed one of the greatest rags-to-riches stories in global economic history – Brazil. Brazil’s economy has gone from a “basket case” to being as solid as a Brick.

Brazil has made huge strides from the very debt-ridden, bureaucratic country of the past. Years ago, the country restructured its finances and has resisted the temptation to use economic crises, such as in neighboring Argentina, as an excuse to default on its obligations.

Yet, many on Wall Street still think of Brazil as a backwards “third-world” country that goes crazy