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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: regli who wrote (37229)	9/15/2005 9:32:45 AM
From: THE ANT	Read Replies (1) \| Respond to of 116555

You cant compare these countries.Brasil to be self sufficient in petroleum in the next year.Their agriculture is first world.They have commodities galore.They had deflation of .69% this last month and fed funds rates of 19.5%(apology to the board I lost a day---central bank dropped rates yesterday after the close 19.75% to 19.5%.) I feel their Central Bank is dropping rates too slow but it is welcome compared with what Greenspan has done.It also gives one a bit more time to buy property there on the cheap.Hey Fraga could replace Greenspan!