Use access key #2 to skip to page content.

IBDvalueinvestin (99.68)

Brazil will have its hands full Demolishing & Building for the Next 6 years.

Recs

5

October 02, 2009 – Comments (5)

If Brazil ever wants to be remembered as City to come to visit for vacation. They now have their chance with the 2016 Olympics. But they got their hands full to try and demolish large swaths of buildings near the beaches (tourist spots) to create a scenic tourist spot instead of a current scene of a Poor shanty town with high crime.

This is gonna take billions upon billions of dollars for RIO to re-build parts of its city.

The good thing will be that thousands if not hundreds of thousands of people will get employed in the adventure to turn RIO into a state of the art Tourist & Sports City.

But now there is no turning back and RIO will have to use its large companies to get the  job done.

I just hope the massive building there does not spike the price of Steel, Coal, Copper & OIL like China's infrastructure building did in 2003-2008

VALE, GGB, SID 

5 Comments – Post Your Own

#1) On October 02, 2009 at 3:10 PM, miteycasey (31.44) wrote:

I don't see how it can't spike the price.

Report this comment
#2) On October 02, 2009 at 3:28 PM, Rehydrogenated (32.63) wrote:

don't for get cemex...oh wait.

Report this comment
#3) On October 02, 2009 at 3:38 PM, Seano67 (80.32) wrote:

Sounds like a great play in my humble opinion. Look at the massive ramp-up for the Beijing Olympics, and how that boosted the Chinese economy. I already hold GGB, and will keep a very watchful eye on Brazil from this point forward.

Report this comment
#4) On October 02, 2009 at 3:39 PM, FreeTruth (< 20) wrote:

I agree, I was just in Rio last week on business and if you have never been there, the favela's or slum towns are staggering. They cover nearly ever hill side or open space, especially between the international airport and the tourist areas toward the ocean. The other serious need is trash clean up. The water ways, streets, hillsides, all of it, just covered in trash and debris. Personally, that is what I remember most; not Cristo Redentor (the amazing Christ with arms outstretched), Sugar Loaf or Copacabana. I cannot even imagine how they will handle this, but if they don't, I truly believe that will be the memory that haunts this Olympics; the juxtaposition between the people who have and those that do not.

Report this comment
#5) On October 02, 2009 at 6:12 PM, FreeTruth (< 20) wrote:

ever=every

Report this comment

Featured Broker Partners


Advertisement