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

To: KyrosL who wrote (61638)	3/2/2010 12:08:59 PM
From: Cogito Ergo Sum	1 Recommendation Read Replies (1) \| Respond to of 217802

That's why I posted the stuff on Ontario... You need to look at the US in a world context and not in the US I'm alright jack context.. I still maintain standard of living needs to drop yada yada.. but I'm far from convinced that they are toast yet.. HOWEVER they need something to galvanize the people into doing the right thing.. It has not happened yet.. and status quo is recipe for disaster..

To: KyrosL who wrote (61638)	3/3/2010 1:08:39 AM
From: elmatador	Respond to of 217802

Brazil primary surplus more than doubles in Jan consolidated primary budget surplus more than doubled in January compared to a year ago, the central bank said on Thursday, as a rebound in Latin America's largest economy boosted government revenues. Thu Feb 25, 2010 1:11pm EST * Nominal budget balance turns to surplus in January (Adds Finance Minister comments and context) BRASILIA, Feb 25 (Reuters) - Brazil's consolidated primary budget surplus more than doubled in January compared to a year ago, the central bank said on Thursday, as a rebound in Latin America's largest economy boosted government revenues. The surplus BRPSPS=ECI widened to 16.2 billion reais ($8.8 billion) in January from 7.4 billion reais in the same month last year. In December, Brazil posted a primary budget surplus of just 275 million reais. The result was also far better than the 13.65 billion reais surplus expected by a median estimate of 14 economists surveyed by Reuters. Estimates for the surplus ranged from 7 billion reais to a 15.5 billion reais. "It's an excellent result that shows we will meet the 3.3 percent primary surplus (target) this year," Finance Minister Guido Mantega told a press conference in Brasilia. The numbers were helped by a rebound in growth and the expiry of some tax breaks to key industries -- both of which allowed Brazil to post record tax revenues for the month of January. Last year the country struggled with deteriorating fiscal accounts, with the primary budget surplus reaching 2.06 percent of gross domestic product in the 12 months through December -- its lowest level since the data series began in 2001. But Brazil's primary budget surplus firmed to 2.32 percent of GDP in the 12 months through January, data showed on Thursday. The rebound in Brazil's fiscal accounts also helped its nominal budget balance turn to surplus. The country's overall budget, which includes interest payments, ran a surplus of 2.2 billion reais BRBUD=ECI last month, compared to a deficit of 7.5 billion reais in January 2009. Investors look at the primary budget surplus, which excludes interest payments, as a gauge of a country's ability to service its debt. The country's net public sector debt also fell to 41.7 percent of GDP in January from 42.9 percent the month prior. ($1=1.835) (Reporting by Isabel Versiani, Writing by Ana Nicolaci da Costa; Editing by Diane Craft)