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


To: Steve Fancy who wrote (9183)10/27/1998 12:01:00 PM
From: steve kammerer  Read Replies (1) | Respond to of 22640
 
Just mentioned on CNBC of rumor that Brazil may devalue 10%/yr instead of current 7%/yr. This was mentioned as bad because the market would immediately build in a 20%/yr devaluation. It was emphasized that this was a rumor.
Anouncement of plan is to be 5pm today.
sk