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

To: TokyoMex who wrote (9204)10/27/1998 4:47:00 PM
From: Steve Fancy  Read Replies (1) | Respond to of 22640
 
Nope, they won't...IMO. Will it make a difference tomorrow...who knows. I heard some talk that many had hoped IMF plan would follow tomorrow and that it probably will not.

sf



To: TokyoMex who wrote (9204)10/27/1998 11:51:00 PM
From: Z Analyzer  Respond to of 22640
 
<<Will IMF demand a devaluation for 30 bill ? >>
You have to wonder whether the IMF would be willing to (or able to justify) spending $30 billion trying to help defend an overvalued currency. Wouldn't it be easier to defend a properly valued currency? Especially if you devalue and then have Brazils reserves plus the IMF to make sure the decline doesn't go out of control.


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