Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

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To: chirodoc who wrote (236)	9/6/1997 10:56:00 AM
From: chirodoc	of 22640

bullish on brazil and latin america---barrons on line----- <<Within the emerging markets, Latin America has been a much more attractive story, because the valuations have been far more compelling -- and they remain so, in general. Plus, on the theory that lightning doesn't strike twice in the same place, the Latin American countries have already gone through the tequila crisis of 1994 and have much better current-account and fiscal deficit positions. While there are some concerns about Brazil, even that nation is running a current-account deficit of only 4% of its GDP. Contrast that to Mexico's, in '94, of 8%. Or Thailand, which has been in the 8% range, as have some other Southeast Asian countries. The surprise could be that Brazil strides through the Far East's currency crunch pretty easily because foreign direct investment and privatization receipts can probably fund its current-account deficit here. As long as they keep their fiscal reforms on track, the collateral damage to Brazil won't be an issue -- and it's the Latin American nation most at risk.>>

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