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

To: Cogito Ergo Sum who wrote (68201)	11/16/2010 12:44:20 AM
From: elmatador	Read Replies (1) \| Respond to of 220314

US not saving Brazil? (Dilma) is planning to cut payroll taxes, partly to help Brazilian companies cope with the strong appreciation of the Brazilian currency, according to a senior member of the current administration, the O Estado de Sao Paulo newspaper on Monday. This illustrates what I was saying for the past two days: Brazil wanted to keep their absurd high payroll taxes. The stronger BRL -that caused loss of industrial competitiveness) must be solved by the US keeping the USD stronger, they reasoned. Now that lower USD and stronger BRL seems to be the new reality, they act on the internal front. By the same token, China is saying: Our lower RMB effects on US economy, must be solved by US government actions. Not by Chinese's. Lesson is clear: solve your own problems at home. Do not wait for others to solve your problems.