The Stock Market Bubble Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Stock Market Bubble

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dwight E. Karlsen who wrote (2581)	1/21/1999 9:14:00 AM
From: Kailash	Read Replies (1) of 3339

Argentina next to devalue? Tokyo, Jan. 21 (Bloomberg) -- Brazil's decision last week to devalue its currency shows ''creeping deflation'' is spreading around the world and may force other Latin American and Asian countries to follow suit, said Barton Biggs, chairman and global strategist of Morgan Stanley Dean Witter Investment Management. ''The creeping deflation that began in Asia...in 1997 has continued to spread around the world, and it's claimed another victim in Brazil last week,'' he said at a seminar in Tokyo. ''I'm very afraid it's going to claim other victims in Latin America, and the most obvious one is Argentina.'' bloomberg.com Sao Paulo, Jan. 21 (Bloomberg) -- The Brazilian real plunged on reports the stock of dollars at commercial banks is dwindling due to capital flight of more than $500 million a day this month. The real plunged 4.2 percent against the dollar to 1.65-- its weakest ever -- from yesterday's closing rate of 1.58 bloomberg.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next