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

To: TobagoJack who wrote (32451)	4/7/2008 4:23:59 PM
From: elmatador	Respond to of 218110

TJ: no one told a return to natural repressed for 30 years would be that easy. Capital is now seeking refuge on the bright spots among a dark outlook. Brazil's Real Rises a Fifth Day as Commodity Prices Increase Brazil's real rose for a fifth day, its longest winning streak since February, as rising commodity prices renewed speculation that investment flows from exports will increase. The real strengthened 0.8 percent to 1.6958 per dollar at 10:01 a.m. New York time, from 1.7095 on April 4. It was the first time the currency traded above the 1.70-per-dollar level since March 19. The currency has advanced 3.8 percent this month on growing bets that the U.S. financial system will be able to withstand losses related to the subprime mortgage meltdown. ``Fears of defaults and foreclosures in the U.S. have eased significantly, and people are more confident that despite the slowdown in the U.S. economy, growth will stay strong in other areas of the world, supporting demand for commodities,' said Francisco Carvalho, currency trading manager at Sao Paulo-based brokerage Liquidez Corretora. Crude oil advanced for a second day, rising above $108 per barrel. Gold and silver also rose, as well as food commodities such as soybeans. Brazil is the world's biggest exporter of iron ore, orange juice, sugar, beef and cane-based ethanol, and the second- largest producer of soybeans. Interest-Rate Futures The yield on Brazil's overnight interest-rate futures contract for January delivery rose 5 basis points, or 0.05 percentage point, to 12.34 percent. That is more than 1 percentage point above the central bank's target overnight rate, showing traders anticipate policy makers will boost the rate this year. Brazilian economists raised their 2008 year-end benchmark interest-rate forecast for a second straight week and now expect policy makers to raise the overnight rate as soon as next week. Brazil's benchmark lending rate will end the year at 12.5 percent, according to the survey, up from the 12 percent forecast in the March 28 survey. Policy makers will raise the so-called Selic rate to 11.5 percent, from 11.25 percent, on April 16, according to the median forecast of six economists in a Bloomberg News survey. The yield on Brazil's zero-coupon bond due in January 2010 rose 6 basis points to 13.22 percent, according to Banco Bradesco SA. To contact the reporter on this story: Adriana Brasileiro in Rio de Janeiro at abrasileiro@bloomberg.net

To: TobagoJack who wrote (32451)	4/8/2008 2:53:37 PM
From: Lazarus_Long	Respond to of 218110

before the sorry end, euro will be vapor, as it was not designed to hang together to navigate true monetary crisis, unless and until ruled forcefully by one dictatorial officialdom a currency backed by full faith of 20+ nations is a currency backed by nothing Quite possible, and something the euro bulls should keep in mind. The euro is not really a national currency; it is a fiat currency issued by a monetary union. Monetary unions have a BAD record. The problem is the nations and their central banks still exist. Eventually the interests od the nations, and consequently those central banks, diverge. One nation wants inflation; another wants deflation; a third wants a stable currency. The union comes flying apart. We can already see this in euro monetary zone. There is a requirement that national inflation be no higher than 2% of GDP; Italy has never met tis requirement, yet continues to be allowed to be a member of the union. The Scandinavian countries at one time had a monetary union. It lasted about 50 years. There was also a Latin Monetary Union formed in 1865. France, Belgium, Italy, and Switzerland were original members, joined in 1868 by Greece. It was disbanded in 1927. nato will split asunder as interests diverge and energy calls go dire NATO was a creature of the Cold War. Prior to that, the US and European nations were generally competitors. It has no reason to exist now unless the Europeans join in the GWOT which isn't likely. eu will not hold Quite possible. Many divergent interests in there.