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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (7864)	1/12/1999 9:50:00 AM
From: Frodo Baxter	Read Replies (1) \| Respond to of 9980

>One of the thorniest problems for Brazil is that the people who became wealthy there over the past 20-30 years did so by becoming expert in exploiting inflation. You're absolutely correct here. But remember, when we move from an era of high inflation to disinflation, there is a general redistribution of wealth from those with high debt to those with little or no debt. Since the poor usually have the least access to debt, they tend to benefit the most. This is people power at its greatest. If anything, hard money should not only be advocated by supply siders, but pinkos as well. Cardoso's the man. I hope he doesn't fail.

To: Sam who wrote (7864)	1/12/1999 9:56:00 AM
From: Bosco	Respond to of 9980

G'day Sam - re: Brazil [and other Latams] your comments make good sense. Maybe that's why the skepticism on the austerity measures. However, Brazil, or any other country for that matter, will have to face the music [of globalization.] Being I gullible person that I am <g>, I think there are enough smart people in the wealthy class to see the opportunity to enhance their long term viability. Of course, at least they can weather the change, but not so the middle and lower class folks Incidentally, Philippine just dropped its interest rate [for the 4th time] to 13% best, Bosco