The Thoughts And Opinions Of The Expert Brazilian Investor Igor Cornelsen

Igor Cornelsen is an exemplary Brazilian banker and an expert in investments. He believes the way Brazilian banks have come through great upheavals is because they understand the market and have experience dealing with turbulent years. He says Brazilian banks only lend to individuals with the best credit. This gives the banks security and streamlines the costs. The individuals with undesirable credit have to go to the public sector banks or dispense with their business plans.

 

Igor Cornelsen feels most investors are not current concerning Brazilian banking because they do not understand the basics. This caused him to create a short and easy to follow profile to help investors understand Brazilian stocks. Mr. Cornelsen first explains there are ten major players in Brazilian banking. These are the ten state and privately owned investment and commercial banks who back Brazilian investments.

 

Mr. Cornelsen believes the new economic matrix of Guido Mantega was a total failure because instead of being based on rational economics it was based on ideology. He feels Joaquim Levy being appointed as Brazil’s finance minister is bringing hope to the banks. Mr. Cornelsen is in agreement with his views concerning fiscal reform but is not certain if he will bring about true economic reform.

 

Mr. Cornelsen has also stated that as the Chinese economy strengthens it will mean Brazilian raw materials will bring good prices. Even though China is Brazil’s fiercest competitor of industrialized goods, he feels watching the markets will help you understand your investments better and lead to greater profits and success.

 

Exports lost competitiveness due to Brazil’s overinflated currency causing a lot of current deficits. Dollar swaps have been sold by the Central Bank of Brazil to avoid depreciation. This means the currency is still overinflated. The new administration is expected to be less interventionist due to the effect the devaluation will have if it is not controlled. Igor Cornelsen believes this will be the catalyst that sparks investments within the industry and makes exporting goods out of Brazil much more competitive. This he says is what it will take to decrease the current accounts disequilibrium. http://igorcornelsen.tripod.com/

 

 

 

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