The Lost Decade: How the U.S. Financial Crisis Resembles Japan’s Ten Years of Misery – And How to Play it for Profit
Jul 18th, 2008 | By William Patalon III | Category: Politics & Economics6. Head South of the Border When You Consider the BRICS: An acronym for Brazil, Russia, India and China, the BRICs are among the fastest-growing economies in the world. We’ve covered China, but Brazil bears more than a mere mention. The main play to look at here is Petroleo Brasilero SA (ADR: PBR). Latin America’s appetite for energy is nothing short of ravenous. As of now, three-fourths of the country’s electricity comes from hydroelectric power. That figure will be higher in 2012, when the region’s largest hydroelectric project, the Santo Antonio Dam, will begin producing electricity. Santo Antonio is the first of three Amazon River dams the government hopes will decrease Brazil’s need for fossil fuels. Until then, however, Brazil’s state-controlled oil-and-gas company, Petrobras, will continue to meet the demand.
Editor’s Note: Executive Editor William Patalon III detailed the reasons the U.S. economy could well be facing a “Lost Decade” in Part I of this story, which ran yesterday (Thursday). For additional strategies aimed at helping investors navigate these volatile times, take a look at our “Crash Proof” report, which includes an offer for a free New York Times best seller of the same title. The book is written by regular Money Morning contributor Peter D. Schiff, a regular commentator and analyst on CNBC. Click here for more details. Schiff is scheduled to be a guest onCharles Osgood’s TV Show, “Sunday Morning,” on CBS, this Sunday, at 9 a.m. EDT.
Part II of a two-part story.
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William (Bill) Patalon III is the Managing Editor and Senior Research Analyst for Money Morning, and is also the Managing Editor for The Money Map Report. Patalon's work has appeared in Kiplinger's personal finance magazine, USA Today, and The South China Morning Post, among other publications.
