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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?


To: Steve Fancy who wrote (7878)9/11/1998 1:52:00 PM
From: MGV  Respond to of 22640
 
A Brazilian Devaluation Would Disrupt Latin America

This is a very well done article.

It just occurred to me that the quick turnaround on interest rate policy yesterday might portend that Cardoso already has an arrangement with the U.S. The policy decision to raise rates was such a sudden about face that I'm thinking there must have been an external catalyst (aside from the market itself) to make it happen.

There will be no devaluation.