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

To: chirodoc who wrote (8812)	10/5/1998 1:45:00 AM
From: Tundra	Read Replies (1) \| Respond to of 22640

Brazil needs to somehow change investor sentiment; if that can be accomplished, it has at least some chance. But as I keep looking at the situation, the proposed fiscal policy changes suggested carry in my mind a possibility of a recession; which in some sense will defeat its purpose inasmuch as tax revenues will likely be negatively affected. If so, it is possible that the deficit would increase. A very difficult situation. Particularly since Cardoso, for the most part, followed prudent economic policy. Yet I must admit the gov't seemed to drop the ball a bit last year; perhaps alternatives would be better if that had not occured. In any event, I hope he gets the political support to do what he thinks need be done. Good luck to you fellows. I hope it works out. Steve, keep plugging with those informative posts. Regards, Tundra