Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: THE ANT who wrote (52486)	7/18/2009 4:27:16 PM
From: elmatador	1 Recommendation Respond to of 217901

All taxes are sales taxes. Sales down taxes down. Governments do not spend less when the economy goes down. They spend the same and try to recoup later. This time there is no later. Or the later will be really later. I have etched into my brain the year of 1979 when I saw Brazil's collapse coming. Once it did as I saw it (and I, at 27, was much much less experienced that I am today). I said to myself: if this taught me is that if I see a collapse coming I will pay real attention to it. I saw 1986 Canada and 1987 Germany and I said to myself. This is not normal. This is going to unwinding an very unexpected ways. Any time I tlaked about that people did not want to listen to what I was saying. I told anyone who cared to listen: Either Brazil end inflation and change or they will be Africanized. The Brazilian elite knew that. It is not nice to be the elite of Africa.

To: THE ANT who wrote (52486)	7/23/2009 12:44:59 AM
From: elmatador	Read Replies (3) \| Respond to of 217901

rate cut by 1/2 to a record 8.75% yesterday. Too much money around means its price must come down. Central bank President Henrique Meirelles and his seven board members had cut the rate by at least a full point in all four previous policy meetings of 2009. Besides there is no threat of high inflation. This is a first in the country's history. as price of money comes down, it is going to spread more evenly and more poor people can afort to have money. Brazil Central Bank May Pause After Slashing Rate to Record Low bloomberg.com

To: THE ANT who wrote (52486)	7/25/2009 5:36:37 AM
From: elmatador	Respond to of 217901

Inflation Slowed. Interest rates went down and it is growing. Perfect storm! I said here the GDP projections were all volatile for 2009; My bet it is going to be positive. Brazil Mid-Month Inflation Slowed More Than Expected (Update2) Share \| Email \| Print \| A A A By Andre Soliani and Carla Simoes July 24 (Bloomberg) -- Brazilian inflation slowed more than expected in the month through mid-July, easing concern that the central bank may be forced to raise interest rates next year. Consumer price increases, as measured by the government’s benchmark IPCA-15, eased to 0.22 percent from a 0.37 percent increase a month earlier, the national statistic agency said today. Economists expected the index to rise 0.37 percent, according the median of 31 forecasts in a Bloomberg survey. The central bank, after cutting its benchmark rate for a fifth straight time this week, signaled it’s ready to pause on signs of economic recovery. Traders, on the other hand, are betting policy makers may have to raise rates next year to 11.4 percent by October, according to data compiled by Bloomberg. “The inflation outlook allows the overnight rate to remain at a lower level for a long period,” Marcela Prada, economist with Tendencias Consultoria Integrada, said in a Bloomberg Television interview in Sao Paulo. “The outlook for inflation is really good.” Inflation in the 12 months through mid-July slowed to 4.47 percent, the first time in 19 months that the IPCA-15 index has fallen below the central bank’s annual target of 4.5 percent. At its fifth meeting of 2009 on July 22, the central bank’s board voted unanimously to cut the so-called Selic rate to 8.75 percent, down from a two year-high of 13.75 percent in December. In the statement accompanying the decision, policy makers said that the current rate is adequate to spur economic growth and ensure that inflation will be brought back to target. In the overnight interest-rates futures market, the yield on the contract due January 2011, the most actively traded on the BM&F commodity and futures exchange, fell four basis points, or 0.04 percentage point, to 9.85 percent at 9:20 a.m. New York time. The yield on the contract due January 2010 fell two basis points to 8.64 percent. To contact the reporter on this story: Andre Soliani in Brasilia at asoliani@bloomberg.net; Carla Simoes in Sao Paulo at csimoes1@bloomberg.net