Emerging South

The Belgian employers are starting to panick, and so they should.  Unfortunately the Belgian politicians are on holiday to prepare for the next sequal of their muppets show.   It has been more than 18 months now that I have been predicting doom in the US and Europe.
And look to the press of last weekend:
British businesses are running out of cash (do you feel that deflation breeze in your neck?), and the British manufacturing output shrinks the most since one decade.   If you think things are on their worst now and real estate and stock prices will soon go up again, you need a wake-up call.
The same for those people who think this is the time to buy real estate in the US.  The US is full of ghost towns where developers are leaving their projects for what they are and they are no signs the houses prices are hitting bottoms, even if the gains if the last 4 years are wiped away with the price decrease that already took place.  

And meanwhile in Brazil,FIRJAN (the Federation of industries of Rio de Janeiro) published its yearly report of the 100 fastest growing and most developed cities in Brazil.  The list contains 5.559 cities and in the top 100 only cities with less than 300.000 inhabitents are featured, with the exception of Curitiba and Vitoria.   Only 2 exceptions of cities in the top 100 which are at the sea: Vitoria and Niteroi.  And in the group of top 100 cities, 87 cities are in the Sao Paulo state.    Read more here.