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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (20171)	7/13/2007 12:29:17 PM
From: elmatador	Respond to of 218134

"Full of imported Hondas,Toyotas and Audis" First this next step they upgrade housing. It hapened mid-90's. Our parking lot became full of imported cars. After that we saw a big change on the neighbors, majority moved out. Interlude period started after 1999 devaluation and kick-started again two years ago. Full of imported Hondas,Toyotas and Audis once again. Next we will have housing upgrade. Case in point one my neighbor: Sold one of the flats they've got. Bought Honda. A few months later: Sold the remaining flat they were living in and did housing upgrade.

To: THE ANT who wrote (20171)	7/13/2007 12:48:36 PM
From: elmatador	Respond to of 218134

Emerging Global Markets Becoming "too Big to Ignore" Message 23697678

To: THE ANT who wrote (20171)	7/13/2007 10:05:46 PM
From: elmatador	Respond to of 218134

Even if TJ's correction comes there will be decoupling: 1) Fear of unemployment down. 2) Expectation of higher income up. 3) This points to an internal market growth What is required is 5% in a year by year basis for the next 3 years to consolidate the take off Brazil's April Retail Sales Rise 7.5% vs Year-Earlier (Update1) By Katia Cortes June 18 (Bloomberg) -- Brazil's retail sales climbed in April from a year earlier as central bank interest rate cuts and increased consumer lending has prompted consumers to step up purchases of goods such as furniture and appliances. Retail, supermarket and grocery store sales, as measured by units sold, gained 7.5 percent last month, compared with a revised 11.6 percent increase in March, the national statistics agency said. ``Consumer demand is very strong and the trend is for continued strength even amid some slowing,'' said Tatiana Pinheiro, a senior economist with ABN Amro NV in Sao Paulo. ``Sales were lower because the economy is reaching a moment of accommodation after rapid growth. Still, it's very positive.'' The lowest annual inflation rate since 1999 has led Brazil's central bank to cut the benchmark lending rate to a record low, stoking demand for goods ranging from furniture and large appliances to food, clothing and books. Lower borrowing costs have also encouraged Brazilians to increase total consumer lending 25 percent from a year ago. Brazil's central bank lowered the benchmark lending rate half a percentage point on June 6 to 12 percent, down from 19.75 percent in September 2005 after annual inflation fell below 3 percent in March before rising to 3.18 percent last month. The bank targets inflation of 4.5 percent for this year and next. In the 12 months through April, retail sales rose 7.3 percent, matching the rate for the 12 months through March. For the month of April from the same year earlier period, retail sales rose less than the median forecast of 9.3 percent in a Bloomberg survey of 15 analysts. Strong Demand Brazilian economists raised their estimate for economic growth for this year to 4.25 percent from 4.20 percent, a central bank survey taken June 15 and published today showed. The government expects the economy to grow 4.5 percent in 2007. Brazil's unemployment rate reached 10.1 percent in April, from as high as 13.1 percent three years ago while inflation adjusted household income rose 5 percent in April from a year ago, the government said May 24. The increase in retail sales may help wholesaler Makro Atacadista SA to boost sales 15 percent this year compared with an increase of 6 percent last year, said Rubens Batista Jr., the company's vice president and finance director in South America. Makro, the Brazilian unit for Dutch retailer SHV Makro NV., is increasing sales mainly in the North and Northeast, the poorest regions in Brazil, due to higher wages, cheaper credit and lower food and beverage prices, Batista Jr. said in an interview in Sao Paulo. ``We see a very positive appetite among consumers,'' he said. Makro has 54 stores in Brazil and plans to open other five this year, Batista Jr. said. Makro South America holds 103 stores, which responded for 52 percent of the company's world sales in 2006 of 4.2 billion euros ($5.63 billion). To contact the reporter on this story: Katia Cortes in Brasilia at kcortes@bloomberg.net