Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.550

+2.8%

Jan 9 9:30 AM EST

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To: Steve Fancy who wrote (12254)	1/22/1999 1:09:00 PM
From: Bob Howarth	Read Replies (1) of 22640

In my very humble opinion it would be a complete waste of time. Maybe in a year or so if Brazil gets its act together politically they could at least advertise to the market a very informal range the way the dollar and YEN government players do. At this point, the currency will reflect what the government does to get its act together. To the extent that they fail and the economy statistics falter, the currency will continue to lose value and inflation will rise. However, if economy shows some strength here (30% currency devaluation like a giant tax cut for many Brazil businesses, especially those that export) and government behaves, the currency freely flaoting will asume its own trading range, reflecting the economic fundamentals. I hope that UBB, TSP, etc are nimble enough to keep up with a depreciating currency scenario and that the Federal government gets tough enough to control the states. How Cardaso does this, given what a complete failure his second term has been, I don't know. Here is an idea. Back the currency with Amazon.water.com!!!!!!!

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