16.01.2009 - Hanging up the commodities boom hat
From Todaysfinancialnews.com: Our neighbors to the south had a fantastic few years, but the boom is over. For countries like Brazil, Chile and especially Venezuela it is time to diversify… or bust. After enjoying nearly half a decade of economic good-ol’-days, South America is retracting faster that a lawmaker making an inadvertently bigoted joke. Brazil was the target of many American investment dollars after it led the world in significantly increasing its use of alternative fuels. Its ethanol industry made many Americans “green” with envy. But now that oil prices are plummeting, the country’s Cosan SA Industria e Comercio, the world’s second largest sugarcane producer, is wondering what happened to all its customers..... Full Article: Source
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