For investors interested in financials and taking advantage of the upcoming plunge of the USD, The Economist has this to say today about Brazilian banks:
"Brazil’s banks may be expensive, but at least they are safe. None has yet been troubled by the world financial turmoil. That may be because their profits from everyday banking were so high that they had no need to take silly risks. It is also because bank regulation was tightened after several went bust when inflation was tamed in the mid-1990s.
As evidence that the market is open, bankers point to Spain’s Santander, which has a reputation for competing aggressively on consumer loans and mortgages and which is now Brazil’s third-biggest private bank. But Santander’s Brazilian operations are half as profitable again as its worldwide average. HSBC and Citibank have small operations in Brazil, which are doing nicely. One way or another, Brazilian banking seems likely to remain a profitable exception to the disasters elsewhere."
Brazilian ADRs in New York: : http://nexalogic.com/brazil.html
Banks: BBD, ITU/UBB
The Economist article: http://www.economist.com/world/americas/displaystory.cfm?story_id=13331179
Saturday, March 21, 2009
Investing in Sound Banks
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- Investing in FAS and FAZ
- UCO Straddles Update
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- Options Comparison: 2X ETF Versus Underlying
- Yahoo and Sandisk Straddles
- Hedge Funds Managers Pay in 2008
- Straddles March 25
- Straddles for the Week March 23-27
- Interview with the President of Itau-Unibanco, Bra...
- Investing in Sound Banks
- Max Pain for March: Busted Again
- Why UCO Straddles Were Profitable
- The Mother Ship
- Straddle Play for Tomorrow
- UCO Straddles Update
- Max Pain for March and Straddles Update
- Straddles Update March 17
- Correlation Between Oil, Gas and Gold Stocks
- Straddles for the Week March 16-20
- Friday the 13th Update
- Straddles Update March 12
- New UCO Strangle; All UCO Straddles Profitable
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- Straddles Update March 11 AM
- Straddles for The Week March 9-13
- USO Rollover of Oil Contracts Starts Today
- New Straddles
- 100% of UCO Straddles Bought at Equidistant Strike...
- NewGold (NGD) Acquires Western Goldfields (WGI)
- Straddles Update
- An Options Play: Profit From High Near-Term Volati...
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