Jeitinho Brasileiro will Overcome Financial Crisis.
I've been trying to avoid commenting on this for a while because I don't know which news sources to trust or understand some of the numbers very well and just because I don't like talking about controversial things in general, but since it's related to mine and most people's lives - here goes my bit on the financial crisis goin' on out there in the world...
My prediction: The average consumer in the United States. The big spender. The guy who's used to sliding his credit card buying a new electronic toy to ease his stress, or the girl who doesn't mind paying $300 on a pair of shoes. The family that's used to traveling to the Caribbean for Spring Break and their summer home in Cape Cod.
But more importantly? The poor and lower middle class in developing countries. Many countries are fueled by foreign investment, and a good amount of this foreign investment comes from the U.S. - Central America, Andean Countries, some of Africa and Southeast Asia. And yeah, even Brazil... People will lose their jobs (and already have!) and the country will go back to where it was a couple of years ago with a measly growth rate. But I strongly believe that with a little jeitinho brasileiro, things will fall back into place within the next few years. I just urge that big investors keep their confidence in countries that need them the most. For everyone's sake.
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