When Brazil Has Better Credit Than You, It Is Time To Exit The Market


Or maybe its just another sign that Standard and Poor's is totally, utterly useless. Either way, you sort of have to chuckle when AAA tranches are expecting 40-60% losses (depending on who you ask) and Brazil is now "investment grade."
Well, yes, and it is fun to tease Brazil, but really the country has come quite a long way.

Brazil received an investment grade credit rating for the first time from Standard & Poor's, sending the benchmark stock market index to a record and yields on dollar bonds to an all-time low.

Brazilian Debt Raised to Investment Grade by S&P [Bloomberg]


Vanilla Ice: The Housing Market "Is Better Than Ever"

Been getting your faced ripped off lately? Can't come up with a good idea to save your life? Why not stop what you're doing an doing and start flipping houses? Vanilla Ice has been doing so for the last fifteen years says it's not only really fun but super lucrative as well. Now an expert, he stopped by CNBC today to talk shop and share a little business wisdom. Herewith, Ice's tips for success: * Yesterday is history, tomorrow is a mystery * Take it day by day * Know your markets * Know your locations ("people like places that come with a lot of Feng shui...backyards are important-- that's why I put Tiki huts out there with a lazy river) Vanilla Ice On Fixing Houses [CNBC]