Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.550

+2.8%

Jan 9 9:30 AM EST

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To: MGV who wrote (8042)	9/15/1998 1:18:00 PM
From: djane	Read Replies (2) of 22640

Darkgreen, nice analysis. I hope Cardoso/Brazil/Latin America see their unique opportunity as Russia and Asian countries implode. Some of your key points: -but, until we see structural reform in Brazil. -Huge fiscal deficit that just invites speculative attacks on the real in Brazil -when Cardoso, fresh off a 1 round election win gets cracking on SS reform With the recent crisis fresh in their minds, do you think Cardoso and the Brazilian people will have the will to implement the reforms required by international capital? The lesson would be the punishment they recently incurred for not implementing the reforms proposed in 10-11/97 during the Asian crisis.

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