* Internal Tourism grew 18% in January and February. Instead of traveling to Europe and USA, where everybody is depressed, and stressed, Brazilians have opted to travel internally, which means more jobs and income are conserved in house.
* Government has created a very efficient and productive housing plan, basically streamlining the bureaucratic mess, and freeing working capital, usually to carry housing until financing was approved. It reduces barriers of entry allowing thousands of new builders to enter the market.
* Automobile industry resumes sales, but there is a possibility that only 70% of Brazilians are buying, the rest are still fearful of losing jobs. If that is confirmed, that means there is a hidden 30% growth rate, which will manifest itself in the second and third quarter.
* 50% of Brazilians Banks are state owned, 40% are family owned, if you include Santander. That is conservatism and safety for every depositor to sleep well at night. Brazil is poised to be the Swiss bankers of the world, and safer.
The other 10% are foreign banks run by execuives on bonuses, leveraged to the hilt, but those are easy to pick out.