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

To: Haim R. Branisteanu who wrote (53782)	8/20/2009 4:31:27 PM
From: elmatador	Read Replies (1) \| Respond to of 220125

Brazil's economy rebounded strongly 2nd quarter, GDP expanding at an annual rate of 6%, Finance Minister Guido Mantega said Wednesday. online.wsj.com Brazil Fin Min: Brazil GDP Expanded 6% On Year In 2Q Article BRASILIA (Dow Jones)--Brazil's economy rebounded strongly in the second quarter, with gross domestic product expanding at an annual rate of 6%, Finance Minister Guido Mantega said Wednesday. GDP also rose between 1.6% and 1.7% from the first quarter, Mantega said. That would be a stunning turnaround from Brazil's first recession since 2003. The Brazilian central bank has slashed interest rates by 500 basis points so far in 2009, cutting the benchmark Selic base rate to an all-time low of 8.75% in an effort to stimulate economic activity. Brazil's gross domestic product shrank 1.8% in the first quarter from the same quarter in 2008, according to the latest data from the Brazilian Census Bureau, or IBGE. The economy also tumbled 0.8% in the first quarter compared with the fourth quarter last year, the IBGE said. The first-quarter GDP figure was the second-consecutive quarter of contraction, which fits the technical definition of a recession. In the fourth quarter, Brazil's GDP shrank 3.6% from the third quarter, the largest quarter-on-quarter slide ever registered. -By Gerald Jeffris and Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; jeff.fick@dowjones.com

To: Haim R. Branisteanu who wrote (53782)	8/20/2009 5:58:42 PM
From: TobagoJack	3 Recommendations Read Replies (2) \| Respond to of 220125

just in in-tray "...there are indications that the severest phase of the recession is over..." - Harvard Economic Society (HES) Jan 18, 1930 "For the immediate future, at least, the outlook (stocks) is bright." - Irving Fisher, Ph.D. in Economics, in early 1930 "...there are indications that the severest phase of the recession is over..." - Harvard Economic Society (HES) Jan 18, 1930 "There is nothing in the situation to be disturbed about." - Secretary of the Treasury Andrew Mellon, Feb 1930 "The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity." - Julius Barnes, head of Hoover's National Business Survey Conference, Mar 16, 1930 "... the outlook continues favorable..." - HES Mar 29, 1930 "... the outlook is favorable..." - HES Apr 19, 1930 "While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us." - Herbert Hoover, President of the United States, May 1, 1930 "...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..." - HES May 17, 1930 "Gentleman, you have come sixty days too late. The depression is over." - Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930 "... irregular and conflicting movements of business should soon give way to a sustained recovery..." - HES June 28, 1930 "... the present depression has about spent its force..." - HES, Aug 30, 1930 "We are now near the end of the declining phase of the depression." - HES Nov 15, 1930 "Stabilization at [present] levels is clearly possible." - HES Oct 31, 1931