Emerging South

Ago just send inthe link to this excellent report of breakingviews with key 2009 predictions.  

I especially liked the simple analysis on Brazil on page 25 and 36:
"For sovereign debt, the countries in favour will have little political risk and broadly diversified economies, as well as governments that are unlikely to indulge in expensive stimulus packages or bank rescues. Triple-B rated Brazil fits that bill, and it even appears to be avoiding recession through domestic growth, not to mention high real interest rates that can be cut if necessary."