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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 0.750-14.5%Dec 5 9:30 AM EST
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To: dougjn who wrote (8666)9/30/1998 4:05:00 PM
From: MGV  Read Replies (1) of 22640
 
They are being politicians. It would be political suicide to acknowledge four days before the elections a severe fiscal package the day afer the elections. It will be at least a week and it will be couched in the best terms and it will be less severe than the alternative of multilateral intervention or a severe recession/depression catalyzed by 50%+ interest rates. They won't have to worry about being accused of lying by anyone save the left. And that doesn't matter.
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