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


To: TobagoJack who wrote (35911)6/19/2008 9:28:18 PM
From: elmatador  Read Replies (1) | Respond to of 217742
 
and Europe: Berlusconi asks for intervention on overvalued Euro.

European Union (EU) leaders clashed on how to tackle soaring oil prices at their first day of a summit which kicked off Thursday.

While France and Austria pressed for a cut in value added tax (VAT) on petrol to counter skyrocketing oil prices, Germany and Sweden made it clear they were opposed to any tax measure that would distort market demand and delay long-term adjustment.



To: TobagoJack who wrote (35911)6/20/2008 8:24:10 AM
From: elmatador  Respond to of 217742
 
Crowd are being told how to behave here. Inflation is imported. It is an opportunity.

CB says: inflation won't overhsoot the top tolerance which is 2% above planned 4.5% in 2008. Total 6.5%.

Forecast is 5,8% to 6%. Brazil will be one of the few countries that will keep its inflation target this year.

The financial crisis out there, not only failed to dent the economic growth, it provided an opportunity to attract capital since the fundamentals are solid.

The infaltion crisis will be used in Brazil's benefit too. The best inflation specialists are here. Not in Stanford, MIT or Harvard. No one hides it or from it here. Everyone knows what it is. Please rememebr hyper inflation of Lost Decade.

Know not theory. Know the practice. Must use the suffering that taught inflation is bad to show crowds: It will be dealt ruthlessly.

World market bidding up and upper for the food produced here. Brazil has two solutions:

Sell below market, internally, to "ontrol" inflation via disguising, or tell Brazilian crowd: You pay world market prices.

No masking inflation: confront it right on. Look adversity on the eye and face it.

Production must be kicked up. Produce more, to make more money with international prices and has enough for internal market.

Economic growth is filling governments coffers. Government has fiscal and monetary weapons to fight it.

We are ready.