On Mon, Nov 29, 2004 at 06:15:57PM +1100, Andrew Paul wrote:
> I am sure you are right. It was more the sort of butterfly effect I
> was thinking about.
Well, if damage to the Fed is between a butterfly flapping its wings in
Colombia vs. China launching an ICBM targeted for DC, I'll place my bet
> From: Erik Reuter [mailto:[EMAIL PROTECTED]
>
> On Thu, Nov 25, 2004 at 11:01:45PM +, Alberto Monteiro wrote:
>
> > Andrew Paul wrote:
> >
> > > This time they laughed at you if you offered them US dollars. I
have
> > > a friend just back from Lebanon, who had the same experience. It
is
>
On Thu, Nov 25, 2004 at 11:01:45PM +, Alberto Monteiro wrote:
> Andrew Paul wrote:
>
> > This time they laughed at you if you offered them US dollars. I have
> > a friend just back from Lebanon, who had the same experience. It is
> > interesting how people in remote Colombian villages are so k
Andrew Paul wrote:
>
> This time they laughed at you if you offered them US dollars. I have a
> friend just back from Lebanon, who had the same experience. It is
> interesting how people in remote Colombian villages are so keyed into
> the global currency markets. I wonder how much is cause and how
> From: Erik Reuter [mailto:[EMAIL PROTECTED]
>
> On Thu, Nov 25, 2004 at 10:47:05AM +, Alberto Monteiro wrote:
>
> > And - talking about a falling dollar - the current urgent problem is
> > that gov.br is buying dollars in the "open" market to force it _not_
> > to fall too much...
>
> Isn
On Thu, Nov 25, 2004 at 10:47:05AM +, Alberto Monteiro wrote:
> And - talking about a falling dollar - the current urgent problem is
> that gov.br is buying dollars in the "open" market to force it _not_
> to fall too much...
Isn't everybody? It's like a bunch of morphine addicts. Ooooh, oooh
Erik Reuter wrote:
>
>> Things changed _a lot_ from 2001.
>
> Note that all the data from my first paragraph was recent.
>
Yes - but it was _based_ on old data. What we get here is
that those "serious" analyses that are done by "experts" are
half-guesswork and half-speculation.
> It was only
> th
On Thu, Nov 25, 2004 at 02:40:15AM +, Alberto Monteiro wrote:
> Things changed _a lot_ from 2001.
Note that all the data from my first paragraph was recent. It was only
the excerpt at the end that was from 2001. I included that more for its
list of judging criteria than for the actual data.
Erik Reuter wrote:
>
>> I wasn't aware that Brazil had a troubled economy now - OTOH, the
>> economy has never been so untroubled.
>
> Brazil has definitely been getting better, but it still has a ways to
> go. Budget deficit of 4-5% of GDP. Unemployment at around 12%. Long
> term bonds are yieldin
On Wed, Nov 24, 2004 at 11:19:58PM +, Alberto Monteiro wrote:
> Erik Reuter wrote:
>
> >At an estimated 280% of exports at the end of 2004, the U's. debt
> >to export ratio is in shooting range of troubled Latin economies
> >like Brazil and Argentina."
>
> I wasn't aware that Brazi
Erik Reuter wrote:
>
>At an estimated
>280% of exports at the end of 2004, the U.S. debt to export ratio
>is in shooting range of troubled Latin economies like Brazil and
>Argentina."
>
I wasn't aware that Brazil had a troubled economy now - OTOH,
the economy has never been so untro
Since the subject was discussed here some time ago (and I promised
to reference the US net external debt, better late than never...), I
thought I'd mention that there have been a couple good articles on
the dollar and the current account deficit recently in the Financial
Times.
One was by Peter B
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