Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Joe S Pack who wrote (22434)	8/9/2002 10:31:41 PM
From: elmatador	Read Replies (1) of 74559

You guys are not alone. Two examples of how you are not alone on your lack of knowledge: The Economist: economist.com "...But two things were surprising about the new loan. The first was its size: it is the largest ever made by the IMF, even bigger those made to Asian countries in 1997 and 1998..." No it is not the largest ever. The Economist made a USD11billion error. Just look here. bradynet.com " Here is a chronology of events leading up to Friday's announcement by the International Monetary Fund of a $41 billion-plus package for Brazil to help Latin America's largest economy survive global financial turmoil..." The USD30billion of last week is on top of USD41billion of 1999. When the Economist show this level of ignorance, I have to forgive you guys on this thread. But i have time I can keep teaching you guys. It's my pleasure. I don't want you guys to make a fool of yourselves thinking that J6P "gave" USD41 billion in 1999 to Brazil and now "giving" an additional USD30 billion. If you think like that, gentlemen, you are J6P yourselves. Go clean the ash tray and dump those empty Budweisers cans in the bin! Lost money in the bubble? Well, if your level of knowledge of the market is as deep of your level of international finances, I am not wondering why! I think

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