SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.750-14.5%Dec 5 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DMaA who wrote (8630)9/30/1998 2:15:00 PM
From: dougjn  Read Replies (1) of 22640
 
I thought theStreet.com article on Brazil was very interesting.

I think a close read suggests a rally right after the election is likely. Amid bailout talk and action.

But then it will all collapse, perhaps by year end, because confidence will slip rapidly as Brazilians sit back on their rear ends and dawdle. The legislature will continue to resist making the cuts in public sector jobs and pensions that it resisted in the summer before recessing. The near 8% budget defecit looms. Markets will realize this is unsustainable and that the IMF's 30 bil or so (not even sure they have that much now) won't do it.

And whatever Rubin and Clinton might want to do, a la Mexico, Congress will not now let them. Crash. Around year end.

That's the between the lines, it seems to me. (But things have a way of moving faster than we thought these days, don't they?)

Doug
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News