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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Bob Howarth who wrote (11949)	1/18/1999 12:50:00 PM
From: Telemarker	Read Replies (2) \| Respond to of 22640

Good point, Bob. I'm asking myself why the market is so excited about the prospect of the congress finally waking up. Sixth time a charm? Wouldn't be surprised if the attitude down there is that this all is just a "Yankee emergency". Heck, the credit card has always been accepted before. Why worry until that source of liquidity is finally rejected. In that event, it at least wouldn't be us (the legislators) who finally said NO!!

To: Bob Howarth who wrote (11949)	1/18/1999 2:48:00 PM
From: Tony van Werkhooven	Respond to of 22640

Bob- your comment:<Betcha Cardosa resigns if Congress (for fifth time) rejects the pension reform stuff this week. Might as well as Brazil will completely unravel anyway.> I don't know what you mean exactly by completely unravel. The situation has certainly deteriorated beyond the level I would have expected. It will consequently also take longer to "rebuild". I still think that Cardosa will work through this without resigning and without total chaos (I know, not a very well defined term). We will see over the next several months. Tony