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 Strategies & Market Trends : The Financial Collapse of 2001 and Beyond

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To: Wyätt Gwyön who wrote (50635)5/30/2009 8:30:10 AM
From: klaserRead Replies (2) of 100759
 
When it was 1.6 I said it was going to 2-2.5/$.The Brazilian economy can not compete with the US in much at 1.6/$.What has changed is not Brazil but us .The US economy has gone towards the worst case scenario.We have chosen the path of currency destruction.Before this is over Brazil will run huge trade deficits with the US.That is why I say the Brazilians will pull us out of our rut.Remember,Brazilian real estate traded at 10% os ours.This was unsustainable but lasted years.The US will have a dirt cheap currency for years(see China)Many countries will run large deficits in their trade with us
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