Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.090

+3.8%

Nov 14 9:30 AM EST

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To: Derrick P. who wrote (8680)	10/1/1998 12:25:00 AM
From: Steve Fancy	Read Replies (5) of 22640

Derrik, Brazil is and has been devaluing approximately 7% per year through their weekly mini-devaluations as part of the real plan. Sounds like part of Cardoso's plans may be to increase the amount each week... I thought I read the end result being possibly 10-12% per year. I expect to hear some solid plans in the next week or so. You raise some interesting thoughts. Thanks for the post. sf

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