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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (25745)	12/9/2004 2:01:11 AM
From: GraceZ	Read Replies (1) \| Respond to of 306849

The problem was that the Brazilian real was devalued so their exports became relatively more expensive than Brazil's and their economy went into a 3 year slide. A sliding currency has pain but so does one that is too strong. A strong currency exposes all and any inefficiencies in an economy, remember what the ever rising dollar did to us back in 2001? I read one earnings report after another citing losses due to exchange rates.