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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (4394)	10/30/1998 2:33:00 PM
From: Frederick Langford	Respond to of 59879

Will the IMF pull it off? From Fortune: <<October 29, 1998 Worried About Brazil? October 29, 1998 by Geoffrey Colvin Should you really be all that worried about the economic fate of Brazil? Well, yes, maybe you should. The salvation of the world economy is a heavy burden to lay on a country beset by yawning government deficits, ghastly poverty, anemic economic growth, and a long history of hyperinflation and debt problems. But to hear the talk from Wall Street, that's what things have come to. Robert Barbera, chief economist at brokerage house Hoenig & Co., says, "Brazil is the next line of defense. It's probably the last line of defense." Unlike the Asian meltdown of last year, a Brazilian collapse wouldn't exactly be a surprise, but it would still probably send global financial markets reeling. The profits of U.S. multinationals, which make more money in Brazil than in any other emerging market, would take a hit. Other Latin American countries would come under pressure to devalue. In the worst case, that could bring on an Asia-style regional economic collapse, and then the world's big banks, already wounded by bad loans in Asia, might totter if their $111 billion in loans to Brazil (and $210 billion to the rest of Latin America) start to go bad. Pretty frightening--and something to keep in mind as you watch the politics of a Brazilian rescue package play out. >> Fred