Since I just KNOW you are dying to have me pontificate some more about the importance to the U.S. of the collapsing developing world, here is a quote from Cramer on Brazil. He wrote it two days ago, but I just read that particular piece a little while ago. (He is, by the way, struggling to be bullish. In seemingly ever narrowing sectors and shorter periods of time.)
Here's a strange Catch-22 for you, though. If Brazil's currency
collapses, many other things will go wrong around the world. So
you must believe the line in the sand around Brazil will hold if
you want to own any stocks, let alone Telebras.
Yes, Brazil, unlike Russia, is that important. It wouldn't be if
Japan weren't in such trouble. But it is precisely because the
system can't handle multiple collapses all at once. That, in
essence, is what George Soros said yesterday, and I believe
him. |
