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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (459)	7/6/2001 8:11:13 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Friday July 6, 1:25 pm Eastern Time Brazilian real drop prompts rate hike consideration biz.yahoo.com By Genevieve Wilkinson NEW YORK, July 6 (Reuters) - As Brazil's currency tumbles and inflation gathers speed, Wall Street is mulling the possibility that the Brazilian central bank may be forced to raise interest rates to stem the tide of money flowing out of Latin America's biggest economy. The Central Bank has been unable to prick the bubble in the real currency -- on Friday it hit a fresh all-time low, sinking 31 percent this year -- despite a 150 basis point hike in the benchmark Selic interest rate and numerous interventions in the foreign exchange market using a $6 billion war chest. Moreover, inflation targets were last week raised a full percentage point to 5.8 percent, propelled higher by an energy crisis and the real's weakness while flaccid U.S. growth threatens Brazil's fiscal stability. While repeated interventions merely line the pocket of speculators -- in the ranks of which Central Bank President Arminio Fraga once belonged -- economists say the bank's next move might be an interest rate hike, not a cut as indicated two weeks ago. ........................................................................................................................ Yet if Brazil keeps raising rates, it risks choking off growth in the $450 billion economy that the government expects to grow 2.8 percent in 2001. ``Brazil should let the real find its natural level,'' one Miami-based fund manager said. ``They could find themselves in a worse predicament if they keep raising interest rates. If the Central Bank overreacts, it gives the market another target to shoot at.''

To: craig crawford who wrote (459)	7/6/2001 8:15:33 PM
From: maceng2	Read Replies (1) \| Respond to of 1643

craig, Thanks for that introduction, it was a really good intro btw, I am impressed beyond words ...no b/s ...I wish I was as good as you when I was your age. Trouble is I wasn't. However, maybe I learned a little since. I am currently a "job seeker" in the UK. There is no unemployment here...Tony Blair has banned it. There is fully employed guys, guys in temporary employment seeking "real jobs" and a few "job seekers" to round up the full number. All the signs are the economy is real strong here. -lol- Any way, I've played with USA market stock options. That is puts and calls. Patron of the CFZ has likened options has having a loaded gun in your portfolio ready to wreck havoc. An appropriate setting imho. So commodities are somewhere where you can really lose some serious money. Options are not so bad. Like I have a planned spend on USA stocks options of $250 per month. If I get any money back it's just a huge laugh. What kind of money do I have to put up front to get involved in the commodities biz? I think the number is much higher yet with a similar risk. regards pearly. (I am interested btw)