Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.952

-7.6%

3:59 PM EST

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To: Paul Berliner who wrote (8757)	10/2/1998 2:26:00 PM
From: Steve Fancy	Read Replies (7) of 22640

Paul, I don't think the real will break beyond the weekly mini-devaluations. I suspect they'll accelerate these devaluations resulting in 10-12% per year. With a currency that is generally suggested to be about 15% overvalued, shouldn't take much longer to put things in check. sf

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