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To: Mohan Marette who wrote (89232)1/14/1999 1:16:00 PM
From: freeus  Respond to of 176387
 
re Brazil overreaction
But I thought the point was that MEXICO is a major trading partner of ours and that MEXICO is the one that will be hurt by the Brazil devaluation. (Incidentally that shows how futile and what a waste of taxpayer money the IMF...funded mainly by you and me and a few others...is: Brazil's bailout money was supposed to STOP a devaluation but as soon as leadership changed, so did commmittment.)
So I thought it was more domino theory that might affect our economy and therefore our holdings, Brazil, Mexico, U.S.
Or something like that.
Freeus