Brazilian Investment Expert Igor Cornelsen Thinks The Rousseff Impeachment Will Help Investors

Brazil is not the best country in the world in terms of getting a decent return on assets. The Brazilian stock market on prnewswire.com has been getting stronger since the beginning of the year, but the crippling recession, high inflation rate and rising unemployment coupled with the political mess has made most foreign investors run to safer beats. But former Brazilian banker and the founder of Bainbridge Investments thinks Brazil is going to make a comeback once President Dilma Rousseff leaves office.

Igor Cornelsen is well-known in Brazil’s financial and investment industry. Cornelsen was a top bank official before he retired from banking and moved to Florida to relax and play golf. But the investment bug was still haunting him so he decided to open Bainbridge Investments to help other investors cut through all the Brazilian red tape and find the best assets in a very difficult economic situation. Igor Cornelsen helps investors find the assets all over the world, but because of his background Brazilian assets are his specialty.

The news that Rousseff is one step closer to losing her job did have a negative impact on Brazil’s stock market, but Igor Cornelsen told his partners the drop is temporary.  Stocks around the globe felt the impact after the oil producers meeting in Doha, Qatar recently according to Mr. Cornelsen. Cornelsen said that move also had an effect on the currency market on crunchbase.com as well. Cornelsen was quick to point out that Brazilian stocks have increased by more than 35 percent in 2016. Even though the country is in the deepest recession since 1901 the stock market has outperformed its Latin American peers and the country’s currency, the real has gained more than 10 percent against the dollar in the first three months of 2016.

There is speculation that what’s bad for Rousseff is going to be good for investors that have been waiting for a chance to get back into the Brazilian market. Igor Cornelsen has been around long enough to know that political change in his birth country doesn’t always mean better investment opportunities, but he believes this political change will help stop the GDP contraction.

Some investors still say Brazil’s fundamentals remain enormously unattractive, and there is not much faith that the country will ever come back and be the export powerhouse and money-maker it was after the 2008 global financial meltdown. But Cornelsen thinks that is shortsighted thinking. Brazil has always comeback from the brink of disaster in the past and the country will do it again.

One Comment

  1. AUTHORDemi Alvin

    on May 12, 2017 at 9:51 am -

    The lower Congress just voted to impeachment Rousseff and if the Senate agrees, Rousseff could be gone in less than 30 days. The drop in stock prices was primarily due to the oil producers that refused to put a hold on production recently. The truth of the matter is that http://top-essay-writing.services/top-10-essay-writing-services/ said that they would not have accepted defeat if there are things they not want.