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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: Haim R. Branisteanu who wrote (53499)8/13/2009 1:52:25 PM
From: elmatador  Read Replies (1) of 219173
 
It is a normal rebound. "It's not like the U.S., where people got up to their ears in debt. We're talking about simple, affordable apartments."

And yes, eventually 1 day things will overreach - humans are the same everywhere and excess will pervade: Brazilians will be maxxed out on their credit cards, go to the malls weekly as a social ritual, outsource their production jobs to some "cheap locale" like Peru, and be flipping homes like daytraders. But for the foreseeable future they won't have most of our bad habits; we have a few decades before we have to worry about them behaving like modern Americans. Until then, it's still Ozzie and Harriet habits in much of the developing world - they have much to learn from us.

Long Gafisa in fund; no personal position

forexhound.com
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