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Brasileiros, Bem-vindo A Miami

Brazilians are choosing to vacation in Miami over places like New York, London, and Paris, says the FT. They are riding high on the strength of the real and Miami has “dirt cheap shopping”. Says Flávia from Rio de Janeiro, “I love Miami. In Rio we have Copacabana, but Miami has Banana Republic”.

The commodities boom in Brazil has combined with super-easy monetary policy in the US to make almost everything in this country a bargain for Brazilian shoppers.

Welcome, Brasilieros. Please shop til you drop.  And buy some condos while you are at it.  We also have a wide selection of Treasury bonds: very cheap.

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