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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Tony Viola who wrote (27179)	12/15/1998 10:42:00 AM
From: Skeeter Bug	Respond to of 70976

>>Whee!<< wheee! let's do it! ;-)

To: Tony Viola who wrote (27179)	12/15/1998 11:00:00 AM
From: blake_paterson	Respond to of 70976

OT Brazil... on the macroeconomic front. Thread: Just got back from the land of g-strings, coffee and caipirinhas. Developed the following impressions: 1. Most educated brasilians believe that IMF funding will come regardless of how completely the reform package is instituted. They would rather avoid the pain of the complete package, especially since the biggest problems (corruption and pensions) are not being adequately addressed. 2. The President's base of support (to pass the package) is tenuous at best. He needs continued support from several key governors in order to get things passed in congress, and one of his most important allies, the guv of Sao Paulo state, was just diagnosed w/ invasive bladder CA. W/o him or a like minded successor, reforms are much less likely to be passed. 3. Recession is at hand and mild (< 0.25%) deflation has been present for several months. 4. The real (currency) is grossly overvalued. 5. Any significant devaluation (>15%) will cause panic in the streets. BP