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To: D. Swiss who wrote (89464)1/15/1999 2:18:00 PM
From: jhg_in_kc  Read Replies (1) | Respond to of 176387
 
after digesting the NY Times and WSJ on Brazil last night, i am concluding this is not as serious as the Russian default or Asia. Many bankers had already gotten out of the Brazil markets, I read, plus the IMF had already put some funds to work to ease the crisis in Novemeber. the key is not as much N.Y. bank exposure to this crisis, whereas Russia caught them flat footed. I believe this crisis is nowhere near as serious and we will not see a "risk averse" credit market "seize up" this time.
jhg



To: D. Swiss who wrote (89464)1/15/1999 3:05:00 PM
From: Mohan Marette  Read Replies (1) | Respond to of 176387
 
<Brazil> Thong-bikinis,topless beaches & floating 'real'.

Drew:
I don't know about this Brazil biz,earlier this morning the 'real' float wasn't considered a wise move and everybody and his mother-in-law was 'worried' and 'concerned' but right now it appears it is the best thing that happened to Brazil since the introduction of thong bikins over there at the topless beaches of Rio,go figure!


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