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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (22437)	7/28/2001 5:12:03 AM
From: Z Analyzer	Respond to of 22640

Thanks Steve, My favorite market now is Russia. Companies at 1 to 4 times EPS, good manufacturing growth, large trade surplus, large budget surplus, rapidly improving corporate governance and reduced corruption. Repaying all debts and not needing IMF assistance, insulation from world economy other than oil prices, 8% GDP growth last year, 5% this year, stable cheap currency which has greatly benefitted domestic industry, HUGE, cheap oil and gas reserves. In short, doing everything right where latin america and US are failing. Also, talk of joining WTO within year, great dialogue going on with US. All this has taken place in the last year and a half and the world seems to have mostly overlooked the miracle which is rapdly taking place. Check out Yahoo Clubs Russia where they do a great job posting articles detailing all this. -Z

To: Steve Fancy who wrote (22437)	7/30/2001 2:19:27 PM
From: Z Analyzer	Read Replies (3) \| Respond to of 22640

Steve, Brazil's nominal budget deficit is still running at 5% of GDP. Do you know if debt repayments as well as interest are included in this figure? If it does not include substantial debt repaymnet, I'm at a loss to understand why people have regarded Brazil as doing well. I'm also surprised to see that they run a trade deficit even after the huge devaluation in the last few years. That usually causes a major improvement in competitiveness and reduction in deficit over this period of time. This thread is remarkably quiet compared to the old days and the Brazil club on Yahoo is totally dead. -Z