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

To: THE ANT who wrote (66845)	10/5/2010 2:14:11 AM
From: elmatador	Respond to of 219440

Brazil doubles tax on foreign bond buys to curb real * Brazil doubles tax on foreign investment in bonds to 4 pct * Move announced after presidential vote, before IMF meeting * Economists doubt measure will have lasting effect (Adds quotes and details) By Ana Nicolaci da Costa and Samantha Pearson BRASILIA/SAO PAULO, Oct 4 (Reuters) - Brazil on Monday doubled a tax on foreign investors buying local bonds, trying to curb a currency rally that has turned into an issue in the country's presidential race. As emerging economies globally struggle to cope with hot investment inflows that have pushed up their currencies, Finance Minister Guido Mantega said the so-called IOF tax will rise to 4 percent from 2 percent starting on Tuesday. Finance ministers and central bankers are expected to focus on what Mantega has called an "international currency war" at an International Monetary Fund meeting in Washington this week. The United States, struggling to recover from its deepest recession since World War II, has said China distorts the global economy by undervaluing its currency. Many emerging economies instead blame ultra-low interest rates in the United States and other rich countries for hot-money flows into their markets. With Brazilian interest rates among the world's highest at 10.75 percent, foreign investors are pouring cash into the South American country in search of steep returns. Despite problems faced by Brazilian exporters, analysts had doubted the government would announce new measures after Sunday's presidential election, with some predicting that new moves to curb the real would only come after a runoff on Oct. 31. Analysts at RBS said the move suggested the government was trying to counter vulnerability of the ruling party's candidate, leftist Dilma Rousseff, on the issue of the real after she failed to see off her main challenger, opposition candidate Jose Serra during a first round of voting on Sunday. "I think the electoral impact is limited but it could make it harder for Serra to criticize the government for not doing enough to curb the real's rally," said Ricardo Amorim, president of Ricam Consultoria, a Sao Paulo consulting firm. Analysts expected limited impact from the tax hike. Brazil and other Latin American countries trying to shield exporters from losing competitiveness. "Various countries are taking currency measures, no one is sleeping on the job," Mantega told reporters in Brasilia.

To: THE ANT who wrote (66845)	10/21/2010 2:55:48 AM
From: elmatador	1 Recommendation Read Replies (2) \| Respond to of 219440

US inflation rate near zero. The consumer price index rose 0.1 percent in September, compared to 0.3 percent increases in July and August, according to the Bureau of Labor Statistics’ Friday press release. dailytarheel.com How is this possible when the When The abrupt decline in the dollar — by about 10 percent since early June against major currencies — is upsetting the delicate balance of world economies still recovering from the shocks of the financial crisis. nytimes.com