Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (36446)	1/15/1999 9:04:00 AM
From: sammaster	Read Replies (3) of 94695

why would US and brazil be up on the news that brazil is free floating real...thus effectively devaluing it? seems like a worst case scenario..doesnt it? this means lots of losses for US banks that loaned to them...less exports for us to them because of recession...less exports to all of latin america because of competition from brazil...possible spread of devaluation to all of latin america...meaning less exports..etc..etc wonder when foreign countries are stop going to look at US as a safe haven and start repatriating assets? the pain is slowly creeping closer and closer to home.. samir

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