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By now, we all know the recent investment-grade status of Brazil's sovereign debt, the large oil discoveries by Petrobras (PBR Quote), and the vast mineral reserves held by Vale (RIO Quote). But, there is so much more to this upside story.
In my opinion, the next growth catalyst will be the Brazilian consumer and formation of the Brazilian middle class.
Many investors in Brazil think that the opportunity begins and ends with commodities and minerals. This is much too short-sighted. I believe that Brazil is now entering the next leg of growth -- domestic demand. ...
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