IT'S TIME FOR AMERICA TO WAKE UP...TO THE RISING GIANT IN THE SOUTH

Is Brazil's Economy Getting to hot?

BILLIONAIRES

Is Brazil’s Economy Getting Too Hot?

Image via Wikipedia

Last night 60 Minutes featured a segment on Brazil entitled “The World’s Next Economic Superpower.” Eike Batista, Brazil’s richest man and the world’s eighth richest man (profiled by Forbes  in March) told Steve Kroft that it’s time for Americans to “wake up” to the economic giant to their south.

Many Americans have already been awake to Brazil for at least some time.

Just today, General Electric demonstrated its interest in Brazil when it announced a plan to buy subsea pipeline manufacturer Wellstream Holdings, which derives a “substantial portion” of revenues from Brazil, for $1.3 billion.

BRAZIL BOOM DRAWS AMERICANS EAGER TO PROFIT

Foreigners Follow Money to Booming Brazil, Land of $35 Martini

Daniel Kfouri for The New York Times

Ipanema Beach in Rio de Janeiro. Prices for prime office space in Rio became the highest for any city in the Americas this year.

By SIMON ROMERO

Published: August 12, 2011

RIO DE JANEIRO — Pondering the financial storms lashing Europe and the United States, Seth Zalkin, a casually dressed American banker, sipped a demitasse and seemed content with his decision to move here in March with his wife and son.