Irwin Greenstein says credit crisis fallout will send many former execs (and their money) overseas.

Latin America was one of the main beneficiaries of the commodity and credit boom of the last five years. As a result, the region has been hit hard by the collapse in both this year. Emerging markets expert Irwin Greenstein says some Latin markets remain high risk for investors. But Brazil and Mexico should recover strongly when global markets stabilize.

Mexico’s Cemex (NYSE: CX) has lost 75% of its value in one year. But emerging markets expert Irwin Greenstein says the company is like the IBM of cement. And a new public-works stimulus package from the government should breath new life into business activities. Irwin says Cemex is approaching the bottom… and could soon become a great contrarian buy

Global markets remain coupled to the US. The iShares MSCI EAFE Index Fund (NYSE:EFA) – an equity benchmark for international stock performance – is following the S&P 500 on its downward trajectory. However, David Newman in The Sovereign Society says some frontier markets in South America, Africa, and the Middle East are defying this trend…

The increase of state-controlled resources is ulitmately bad news for American consumers, says Irwin Greenstein, writing for Contrarian Profits. Not only are state-run resource companies inefficient compared to private sector firms but also many of them are hostile to US interests.

Crude oil’s masive one-day climb yesterday resurrected fears over the impact of soaring fuel costs on farming and food prices.

Other factors are at play in the volatile agricultural industry. According to Chris Mayer, “Fertile soil – good dirt – may become more important to land values than oil or minerals in the ground.”

Chris says fertile farmland has been in decline since the 1980s due to urban sprawl and soil erosion. This makes it a lucrative asset. And it makes companies like Cresud (NASDAQ:CRESY), which owns large swathes of farmland in Argentina, a great stock play.

Investors woke up this morning to a new era on Wall Street.

The last two big investment banks, Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS), have abandoned their freewheeling, frat-boy days to become bank holding companies. The move puts them under stricter Federal regulation. More important, they will now look to more conservative sources of money – such as customer deposits – over highly leveraged trading bets.

What remains to be seen, though, is whether the shift could dam up a torrent of money flowing into emerging markets.

Mexico’s benchmark IPC stock index (MXX) may be one of the safest places to invest now, says Irwin Greenstein, writing for Contrarian Profits. The index has been down 3.2% since the beginning of September. But geopolitical turmoil could buffer the MXX from suffering as much as other emerging market indexes in coming months.

Taipan Publishing’s Sara Nunnally thinks we are seeing the first wave of renewable energy investments in Latin America. The region is one of the fastest growing in today’s global economy, and countries like Chile are turning to wind and solar power to boost local energy capacity. However, ongoing political and instability in the region makes any new venture risky, so Sara recommends sticking to established European firms for solid profit opportunities…

Money Morning’s Martin Hutchinson is generally a cynic when it comes to investing in Latin America. Argentina, Chile, Venezuela and Bolivia have all disappointed. There are two exceptions: Brazil and Colombia. Martin says the Columbia’s long-term record is the best in the region. Here he recommends how to invest in this high-growth economy…