Wait.. . im confused... I'm still waiting for Japan to take over the world.. is that going to happen before or after China does?
this is good stuff. i mean really good stuff. thank you south america for keeping things light. brazil - economic powerhouse of the future! or maybe just a few more world cup victories. at least they have fiesty parades.
man this is better than watching comedy central. i can't believe south america just advocated stephen roach as the new fed chairman. outstanding stuff SA, keep up the good work! why not bring in hugo chavez for the top spot!
I read the Buffet just took it in shorts to the tune of $900 million. I wonder if the Berkshire sharholders are happy that The Sage backs up his anti-US views with actual positions?
i would say no given that he lost on the positions. he was betting based on the current account defecit, which is a reasonable long term position but wrong in light of what is currently driving the market. buffets a value guy, so he makes value plays.
. November 9, 2005 TheConMan: Brazilian Real is strong on the Soybean exports to China. The biggest export to the US from latin America is Cocaine. The high US demand for Cocaine is destroying Latin America. ******* SouthAmerica: Not only Soybean â iron ore, orange juice, coffee, sugar cane, beef, airplanes, and much more⦠In contrast, the biggest imports to the US from the other South American countries are: cocaine, cocaine, and cocaine. (That doesnât say much about the state of American society â other than the US has a lot of junkies.) On a daily basis, there is a lane of ships all across the ocean coming from China to the US â that is what airline pilots report that they can see from the air when they fly from the US to Asia. These ships come loaded with all kinds of stuff to sell in the US market â but on their return trip to China, 90 percent of these ships are empty â and the ones that have cargo from the US is loaded with scrap metal for recycling. *** Pabst: Perhaps the strength of the Brazilian economy will encourage SA and other socialist agitators to repatriate themselves by emigrating out of the U.S. *** SouthAmerica: I know a lot of Brazilians who used to live here in the New York Metropolitan area, but after living here in the US for 10, 20 years, and even longer all these people packed their belongings and returned home. (Because things are getting better in Brazil than around here.) In 1988 when I was a controller for a major Brazilian international trading company in New Jersey, (our office was located right next to the George Washington Bridge that connects New Jersey with New York City) our outside auditors had twenty-two other Brazilian companies as their clients in the New York metropolitan area. By the year 2000 that same auditing firm had only one Brazilian client left in the New York City Metropolitan area â a small office of Petrobras. The Petrobras Company (a major company in Brazil) was one of their major Brazilian clients at the time in New York City. In 1986 Petrobras had over 100 people working on its office in New York City. Today they have about three people working in that office. Most of the other twenty-two Brazilian company clients of our outside auditors closed their offices in New York City, and they no longer operate in the United States. During the years 1986 and 2000 when I was working in companies doing international trade, I saw first hand a number of Brazilian companies one by one going out of business and closing its US operations â not only international trading companies but also Brazilian banks, shipping companies and so onâ¦. There were other factors that merged during that time that also helped explain for this amazing exodus of Brazilian companies from the US market such as: economic turmoil in Brazil, merger and acquisitions among Brazilian companies, innovation and technological advances during that time made many of these companies obsolete, and since 1991 with the fall of the Soviet Union Americans lost its interest in Brazil and Latin America in general, and American attention shifted to other parts of the world. Basically, today the United States is becoming irrelevant from the Brazilian perspective. I know for a fact that Americans are losing their grasp on what is going in many areas around the world, but the US is especially losing very fast its influence in South America. For a number of years now, in foreign policy the US has been looking like amateurs. ****. TheConMan: The brains are leaving quietly. You don't have to tell them, they are smarter than you are. (Reply to Pabst) **** SouthAmerica: For the last 50 years the United States attracted the brainpower from around the world â to work and help American companies develop all kinds of things â from pharmaceuticals, to high tech, and so on⦠Today, in the age of the internet â these brainpower can stay and work on their countries and they still can participate on the global economy. The US no longer has the monopoly on the worldâs brainpower. **** maxpi: I think the Chinese are pretty xenophobic and will not attract anybody but fellow Chinese so maybe the US will get tired of training them to overtake us⦠**** SouthAmerica: In general Americans have a very narrow mind about a lot things that is happening around the world â and they base their narrow thinking on old messages of a world long gone. A lot of Americans look at China as if todayâs China still was Maoâs China. I have good news for you â The communists are not coming to get you!!! Todayâs China is an awesome âCapitalistâ machine. And the Chinese is beating the United States in a big way on its own capitalist games. The capitalism that is growing at leaps and bounds in China today â is a type and scale of capitalism never seen before in world history. China is no Japan for sure. The Japanese capitalism were limited by a small population of 100 million people, in the other hand Chinese capitalism is in the other extreme with a potential population of 1.5 billion people in a few years. The other major difference between Japan and China â you can read about how smart the Chinese are on this message board on the thread "The China Price" and the Chinese are not only found in Mainland China, but also in Taiwan, Singapore, Hong Kong and other places around the world. **** Burtakus: Without the US putting money into China, China would go under. **** SouthAmerica: I would not bet on that. But the other way around â could cause a lot of hardship to the US economy. .
. November 9, 2005 Longhorns: southamerica, Why is it that almost every thread you start has a blatant anti-American slant? You said you live in New Jersey. If you don't like it in the states, then by all means get the fuck out and go back to your Brazilian shitbox. **** SouthAmerica: If you read all my articles in the last 5 years â you would notice that I wrote about a lot of things before things happened â and I mentioned about a lot of problems and trends before the mainstream media caught on and started writing about the subject. A lot of American takes it personally, and they donât like when anyone is criticizing their country â even when that person is right. I donât get insulted when people like you call Brazil a shitbox or anything similar. Why? Because I have traveled in many parts of Brazil, including all the way to Manaus, in the Amazon State and I know and have seen first hand what a spectacular country Brazil is from North to South and East to West. And the Brazilian people are the nicest people that you can find anywhere in the world â they are friendly, happy, with a positive outlook on life. By the way, most Americans that I know and have visited Brazil â they tell me that they loved Brazil and the Brazilian people and that they like to return to Brazil for a visit and some even tell me that they would like to live in Brazil. **** VisionTrader: Also, if money could buy education all the teachers you know would be rich. Think about it a minute. **** SouthAmerica: The United States has been doing just that for more than 60 years. The US would not have developed the atomic bomb â if wasnât for the foreign brainpower that they bought. Most of the brains behind the development of the atomic bomb were European brains. Many of the people who received a Nobel Prize for all kinds of subjects on behalf of the United States â were foreign brains rented by American companies. And so on⦠**** moonpi: Wait.. . Iâm confused... I'm still waiting for Japan to take over the world.. is that going to happen before or after China does? **** SouthAmerica: Let me clarify a little bit for you about the future, because you think that the future is going to be exactly like the past. But the world is dynamic and is changing very fast as we talk. Americans want everything to be black or white â but the real world doesnât work like that. As we move into this new century the ball game is changing from what we had in the last 100 years. We will not have a lone, or two superpowers. We will have instead at least 3 or 4 large economic trading blocks of countries trading among themselves. 1) European Union 2) American Union â United States, Canada, Mexico, and other minor Central American countries. 3) The Bricâs â Brazil, Russia, India, China and other Asian countries. 4) Some other possible groups of countries. (in Africa, Middle East and so onâ¦) The entire global economy is changing and most countries will do what is best for their self-interests â and they will form alliances with the other countries or group of countries that will help them develop their economies. **** Citrus: or maybe just a few more world cup victories. **** SouthAmerica: I hope you are right. I hope Brazil will win another world cup in 2006. But another victory it is not in the bag, because the other countries from around the world are improving a lot the quality of their soccer. Even tough Brazil has the best players in the world it is not easy to stay on top. There are a lot of very good countries out there, and when the world cup comes around countries such as Italy, Argentina, Germany and many others raise the level of their game to a superior level. It will not be easy also when you consider that every game that Brazil plays in the world cup the other team plays as if it is the final game of the tournament. But I will be hoping that Brazil will go all the way and will be the winner of the 2006 World Cup Tournament. **** Citrus: man this is better than watching comedy central. i can't believe south america just advocated Stephen Roach as the new fed chairman. outstanding stuff SA, keep up the good work! why not bring in hugo chavez for the top spot! **** SouthAmerica: In my opinion, Stephen Roach is an outstanding economist, and one of the best that we have around here in the US. What is your opinion of Mr. Roach â and why do you think that he is not qualified to be Fed Chairman? Hugo Chavez already has the top spot â and Americans will be begging Chavez to send the Venezuelan oil to the United States. Chavez already has the US by its balls!!!! **** Citrus: he was betting based on the current account deficits, which is a reasonable long term position **** SouthAmerica: I would not recommend that you placed your bet against Warren Buffettâs bet. If you are a smart person you should not bet against him â because you will lose on your bet. Warren Buffett knows what he is doing and he has the long-term track record to prove it. .
. November 9, 2005 SouthAmerica: The US dollar decline against the Brazilian currency the Real continued today â with the US dollar losing almost another 1 percent. The US dollar had been declining further but recovered a little after the Brazilian Central Bank intervention. Since last Friday, the US dollar has lost 5 percent of its value against the Brazilian currency. **** November 9, 2005 âDólar reduz queda após ação do BC mas fecha no menor valor desde 2001â By: IVONE PORTES â A Folha de Sao Paulo O dólar reduziu o ritmo de queda após a atuação do Banco Central mas ainda assim fechou no menor valor desde abril de 2001. A divisa caiu 0,72% hoje e encerrou os negócios a R$ 2,179. Foi a oitava queda seguida. Desde a sexta-feira da semana passada, a moeda acumula desvalorização de 4,9% em relação ao real. Ao longo do dia, a moeda norte-americana atingiu desvalorização de 1,41%, a R$ 2,164 na venda, influenciada pela notÃcia de que o governo federal está captando recursos no exterior, por meio da reabertura de bônus denominados em dólares que vencem em 2015. O ritmo de queda da moeda diminuiu após o leilão de compras do Banco Central. Segundo operadores, a instituição aceitou hoje 19 propostas de 16 bancos e pagou no máximo R$ 2,173 por dólar. .