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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: THE ANT who wrote (81229)7/10/2008 7:36:44 AM
From: Wyätt Gwyön  Read Replies (1) of 116555
 
thanks for the explanation.

given multiple structural issuses in Brazil a minimum wage worker there is not competitive with the rest of te world.

with the significant exception of commodities, since they have a trade surplus which by definition means they are competitive.

so if the commodities Brazil exports are in a bubble, the real is in a bubble--would that be your argument? i am trying to decide about this because i have a BRL bond position i am considering closing.
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