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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: THE ANT who wrote (81146)	7/9/2008 9:20:22 PM
From: Wyätt Gwyön	Read Replies (1) of 116555

Brazil is not in the least competitve against the US without a rate of 1:2.2 to the dollar klaser, in what sense do you think Brazil is not competitive at the current USD:BRL cross? US has massive trade deficit. Brazil still running a trade surplus despite huge gains in BRL. do you mean BRL is overvalued based on purchasing power parity or some such measure?

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