Brazil trusts the Fed will end liquidity program in July thus boosting the US dollar

Wednesday, April 20th 2011 - 02:27 UTC

Full article 3 comments

Brazil believes the impact of an undervalued US dollar which is appreciating other currencies such as the Brazilian Real, ‘won’t last long’ according to forecasts from Finance Minister Guido Mantega. Read full article

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GeoffWard
Mantega has a vested interest in talking-up,
what interest do 'the economists' have in talking-down?
.. . . . much more likely the economists say it as it is.
Apr 20th, 2011 - 11:41 am - Link - Report abuse 0
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Fido Dido
hey retard,
Do your homework rather than typing your biased nonsense here about a subject and region you have no a clue about.

““We know this story won't last long, because the second round of the so-called policy of monetary expansion, quantitative easing, ends July first and I am hopeful there won't be quantitative easing three” Mantega told reporters at an event in New York.”

The reason Mr Mantega is a bit optimistic is because there are more and more voices in the FED against QE3. Ending that would change the whole situation.

The economists aren't talking it down, but don't share mr Mantega's view because they believe (with all reasons) that QE3 will happen ( would be another nail in the coffin), to keep buying the junk bonds that no foreigners want to buy (Big dog -FED- is eating -Buying- it's own dog crap -US Treasuries-=quantitative easing). By not doing QE3, the FED needs to raise rates to attract foreigners to buy the junk that no foreigner wants. Mr Mantega knows well that the Mr Bernanke is in a very tough situation and cannot continue with it's ponzi scheme.
Apr 21st, 2011 - 03:24 am - Link - Report abuse 0
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GeoffWard
Good morning Fido.
Thank you for the erudite lesson in macroeconomics. You said it so much better than I did.

It will be a bright, sunny day now the 'cloak of true understanding and economic terminology' has been placed on my shoulders.
Apr 21st, 2011 - 10:45 am - Link - Report abuse 0
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