Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.654

-5.3%

Dec 16 3:59 PM EST

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To: Steve Fancy who wrote (9556)	11/10/1998 2:58:00 PM
From: Chip McVickar	Read Replies (2) of 22640

Steve and Thread, I just ran across this link on the Big Kahuna thread. wallstreetcity.com Have no way of knowing if it has been posted here...? But if not, it will be of some interest. The commentary is on Brazil and the figures presented are startling. Public Debt going close to 100% per year Capital Flight over Aug/Sept alone at $25-30 billion Can anyone confirm this articles statements or does anyone believe this to be just another alarmist presentation trying to sell something. If what is stated here is accurate.....nothing can save Brazil from massive default. Thanks Chip

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