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

To: Steve Fancy who wrote (22602)8/6/2002 12:59:40 PM
From: md1derful  Read Replies (1) | Respond to of 22640
 
SF: Good to have you back..I'm wondering tho if the weakness in Brazil won't continue through the fall election, despite the seeming irrationality of it all. Markets get a little goofy once in a while!!! Once the election is over, I'd think she'd get a good bounce and head upward despite who wins!!
doc



To: Steve Fancy who wrote (22602)8/9/2002 12:42:45 PM
From: steve kammerer  Respond to of 22640
 
In light of Brazil's current problems and $30 billion loan from IMF, I have a question concerning Brazil's selling off of their assets.
What did Brazil get out of auctioning off Telebras and all the other state-owned companies? They got money which looks like it was just pissed away for operating expenses. It seems like having a policy of burning your furniture in order to keep warm. Later on you are still cold and now have nothing to sit on!
stevek


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