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    « First Brazilian Funeral | Main | Tourism News »

    October 19, 2008


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    Wishful thinking at best in regards to the BRL X USD exchange. As long as the interest rate differential stays well above 10% there will be added pressure on the Real. This is simply grandstanding by the finance minister and he knows it. Look for the Rate to return to 1.55 and surpass it as long as the US FED maintains ridiculously low interest rates and continues to debase the US dollar with bailout packages and liquidity generated from simply printing money.


    Thanks for the feedback it will be interesting to see what happens! I know of several finance institutions which are counting on you being right...

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    Currently in Rio...