Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.169

+0.4%

Oct 29 3:59 PM EDT

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To: djane who wrote (7586)	9/6/1998 12:08:00 AM
From: Jay8088	of 22640

As I see it, Djane, the capitalist free market world which we all hoped for at the end of the cold war is now stillborn. And now we are in uncharted water. The fact is that nobody took the political initiative to set up a worldwide economic system to foster growth and spread prosperity. Instead we left it to our greedy financial entrepreneurs of Goldman Sachs etc. to bring out 'stability'. Now we may end up paying for our blind trust in 'free market' forces. Yes, I do agree that we need to rebuild system like Bretton Wood agreement to stabilize currency market and strengthen world trades once again. But first we may have to do a lot of post mortem on our financial institutions. Who knows what dark and sinister derivatives lurk in their vaults??? Meanwhile the world may go into full blown deflationary recession. Sorry folks. Worldwide economic contraction ahead.

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