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

To: carranza2 who wrote (25493)	11/21/2007 6:43:13 AM
From: TobagoJack	Read Replies (1) \| Respond to of 218664

yen, beautiful at 108.55, winking, beckoning, with the sleepy come hither look look

To: carranza2 who wrote (25493)	11/23/2007 7:47:07 AM
From: elmatador	Respond to of 218664

Official: Brazil not immune from U.S. recession Elmat: Honest guy doesn't post only what agree with his views www.chinaview.cn 2007-11-23 09:54:03 Print RIO DE JANEIRO, Nov. 22 (Xinhua) -- Brazil is not immune from an eventual recession in the United States, Brazilian Central Bank President Henrique Meirelles said here Thursday. In a seminar entitled "What to Expect from 2008," Meirelles said the growth of the gross domestic product (GDP), which has been boosted especially by the domestic market this year, may suffer from the economic crisis in the U.S. "Up to 80 percent of Brazil's external sales are destined directly to the U.S. market," explained Meirelles, "The effect of exports to other countries is much more softened." However, he stressed that exports to the U.S. represent only 17 percent of Brazil's exports, and that local economic growth has been influenced by the rises in incomes, employment and profits of companies. He highlighted that the high level of the country's international reserves, currently estimated at 175 billion U.S. dollars, works as a safety net in uncertain times. Since Tuesday, the threat of recession in the U.S. has been reinforced by the announcement of the latest negative effects of the subprime market crisis in several financial institutions, a fall in economic indices and a rise in oil prices