When Brazilians contemplate the beauty of their country or the ability of their soccer team, they like to joke, "God is Brazilian." It seems foreign investors have taken the joke seriously.
No emerging nation has attracted portfolio flows the way Brazil has in recent years. Charts tracking the money pouring into the country this year have shown a near vertical line to surpass the totals for 2010, which itself was a record year. This has made the Brazilian real one of the most expensive currencies in the world, and it sure feels that way on a visit to the country.
