SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: THE ANT who wrote (81146)7/7/2008 8:05:22 PM
From: elmatador  Read Replies (1) | Respond to of 116555
 
1:2.2 only if the Gringoes sell. They are holding tight. 1:1.599 today. Looks like only the Brazucas have sold.



To: THE ANT who wrote (81146)7/7/2008 8:19:48 PM
From: elmatador  Read Replies (2) | Respond to of 116555
 
"the housing crisis has not yet run its course, and the recession will continue well into next year"

A cloudy forecast for the US economy
guardian.co.uk

Perhaps this uncertainty is causing the Gringo to hold tight...



To: THE ANT who wrote (81146)7/9/2008 9:20:22 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 116555
 
Brazil is not in the least competitve against the US without a rate of 1:2.2 to the dollar

klaser, in what sense do you think Brazil is not competitive at the current USD:BRL cross? US has massive trade deficit. Brazil still running a trade surplus despite huge gains in BRL. do you mean BRL is overvalued based on purchasing power parity or some such measure?