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

To: carranza2 who wrote (55030)	9/14/2009 10:41:12 PM
From: TobagoJack	Respond to of 218100

what? is there something to not like? about skirts almost as high as the ladies' navels? bullish!

To: carranza2 who wrote (55030)	9/15/2009 5:20:09 AM
From: elmatador	Respond to of 218100

"By the end of the year we should have spent between 1.0 and 1.5 percent of GDP," Finance Minister Guido Mantega said in an interview published in the Estado de Sao Paulo newspaper. "The cost to us is extremely low, between 30 billion and 40 billion reais (16 billion and 22 billion dollars). It was cheap and effective," he said. "China is going to spend a fortune, 13 percent of GDP. The United States will spend 5.6 percent of GDP, Mexico 4.7 percent, Argentina 3.9 percent," he said. Last to enter the downturn.. First to come out of it and the one that spent the least. Brazil spends less to counter financial crisis: govt (AFP) – 1 day ago SAO PAULO — Brazil said Sunday it is spending up to 22 billion dollars in stimulus measures to counter the effects of the financial crisis, significantly less than other big economies. "By the end of the year we should have spent between 1.0 and 1.5 percent of GDP," Finance Minister Guido Mantega said in an interview published in the Estado de Sao Paulo newspaper. "The cost to us is extremely low, between 30 billion and 40 billion reais (16 billion and 22 billion dollars). It was cheap and effective," he said. "China is going to spend a fortune, 13 percent of GDP. The United States will spend 5.6 percent of GDP, Mexico 4.7 percent, Argentina 3.9 percent," he said. Mantega's evaluation came after Brazil on Friday said it has emerged from a shallow recession brought on by the crisis. Official data showed second-quarter gross domestic product growth of 1.9 percent -- relatively weak but far better than the contractions of 3.4 percent in the last quarter of 2008 and of one-percent in the first quarter of this year. Much of the turnaround was thanks to buoyant domestic consumption in Latin America's biggest economy, spurred by government tax breaks and incentives to boost car sales in the hard-hit auto industry, state credit for exporters and central bank interest rate cuts. Mantega said Brazil owed its turnaround to "a strong domestic market and favorable fiscal situation. For the first time, there is not a flight of capital." Despite Brazil's better performance, Mantega said Brazil's goal was still to see global financial institutions subjected to greater market regulation, one of the main themes of a G20 summit to be held September 24-25 in the United States. "The big financial institutions don't want regulation. They want to be free to do as they please. We have to continue to put on pressure in the G20," he said. The Brazilian minister also warned against governments winding down stimulus packages out of complacency now that the worst of the crisis seemed over. "The world economy is not solid," he cautioned, adding that Brazil was leaving open the option of further reducing interest rates to promote investment.