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To: IceShark who wrote (15855)	1/14/1999 5:20:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

Re. Brazil devaluation: <<Top International Monetary Fund officials, alerted by Brazilian authorities Tuesday afternoon, were furious that Brazil had devalued without appearing to have a coherent plan for the future. And U.S. Treasury Secretary Robert Rubin issued a statement so lukewarm it seemed almost hostile.>> See, if YOU can do Slick talk, we can do it! -g- <<Mr. Lopes said his step -- technically, a shift in the "band" tying the real to the dollar -- was "an improvement in policy, not a breakdown of policy." He predicted that the new exchange rate would help end a recession in the world's ninth-largest economy. But many others didn't see it that way. >>