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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (50236)1/19/2006 12:59:46 PM
From: shades  Respond to of 110194
 
Someone still likes US dollars.

DJ Brazil Central Bank Calls Auction To Buy US Dollars

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SAO PAULO (Dow Jones)--The Brazilian Central Bank at 1735 GMT Thursday called an auction at which it intends to buy U.S. dollars from the market.

The Brazilian real was trading at BRL2.335 shortly before the auction. The real opened at BRL2.312 per dollar Thursday, stronger from Wednesday's close of BRL2.323.

The bank has bought dollars at near-daily auctions since early October in an effort to increase foreign reserves.



To: John Vosilla who wrote (50236)1/19/2006 8:19:52 PM
From: kris b  Read Replies (1) | Respond to of 110194
 
verge of insolvency yet no deflation

Only because Greenspan didn't allow market forces to complete the job. Liquidation of all insolvent lenders without RTC interference. Lets see whether Bernanke can pull off the same trick this time around.