Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.750

-14.5%

Dec 5 9:30 AM EST

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To: Tony van Werkhooven who wrote (12333)	1/26/1999 8:58:00 AM
From: Worswick	Read Replies (1) of 22640

Many thanks Tony for this, perhaps the single most important post about Japan I have read in a year. They are going to print money like hell. But what they will face is consumers waiting for cheaper prices and still cheaper... Very interesting "piece" on NPR about the mid level Eurpean banks operating on 25% of the profits of US banks... with European banks holding $600 million of "emergent country loans in their portfolios". With the Euro these small banks just lost most of their foreign exchange dealings. This, perhaps, is the next shoe. Never knew there were so many god damned shoes. Basically, Japan is "competitively devaluing" before the Chinese. Watch out below! Amazing. Best to you, Clark

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