Is he doing this because of customer redemptions or because it's his own opinion? Will bond futures rally 4-handles in the next few days?
. Quote from nazzdack: . . .the "thing" he fears most? Tgregg Reply: More posts about Brazil in the econ forum? ***** January 4, 2010 SouthAmerica: Posts about Brazil such as: âBrazil Is Betting Civil Construction Will Get 9% Boost, in 2010, Well Above 5% GDPâ Written by Marina Sarruf Brazzil magazine Saturday, 02 January 2010 http://www.brazzil.com/component/co...-boost-in-2010-well-above-5-gdp.html#comments ***** Why do I fear all this good news about Brazil? Because of the amount of âhot moneyâ that is flooding Brazil. The real increased by 34 percent versus the US dollar in 2009. The Brazilian stock market had the best performance in the world in 2009. And so forthâ¦. I would suggest that the Brazilian Central Bank reduce the Selic bank rate (Fed Funds rate in Brazil) right now to discourage the âhot moneyâ from going to Brazil. .