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Everybody is talking about a global recession. A few years ago, if one mentioned about Brazil, one would think of a poor third world country. Well not any more. Look carefully at what's happening in Brazil. Brazil is also one of the fastest emerging economies that is growing despite a US economic slowdown. Busines Times on 26 May 08 - More Brazilians spending, economy not hit by US woes. Brazil middle class is growing and they are taking more loans like never before. It used to be when US sneezes, Brazil catches pneumonia, but that is no longer the case. Thanks to a newfound economic stabiliy and vitality, Latin America is looking less chained to the fotunes of the US. "There is hard de-coupling taking place," Mr Carvalho , executive director of research at Morgan Stanly in Brazil. Brazil is doing well thanks to a combination of factors. High commodity prices, pushed by demand from China have brought in hard currency and created jobs. Foreign investment last year doubled to US$34.6 billion, much of it into the stock market which is one of the fastest growing in the world. Wages are rising and unemployment is falling. Strong domestic demand has taken over from exports as Brazil's main economic driver. |
hmmm..not too sure on Brazil side..wassup? care to slightly elaborate on the example? thanks!
Livermore ( Date: 27-May-2008 12:20) Posted:
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Those who don't believe in decoupling should take a good hard look at what's happening in Brazil
cyjjerry85 ( Date: 27-May-2008 11:54) Posted:
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No choice leh,...being a small brother, when you can't beat them I guess the best way is to join or follow them!
this morning the newspaper (The Straits Times) money section "Economist sees signs of Asia decoupling from US Economy" ...bank strategist Dr Chua points to strong growth in China and India despite weaker US consumer demand
L..... ( Date: 27-May-2008 11:50) Posted:
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sti really no backbone.. always looking at others for inspirations hhaa
today super low volume man.. really waiting for tonight's wallstreet reopening after long weekend
If HSI remains sleepy, STI gonna follow suit. No deal leow.
probably not much of a significant as on low volume..very sianz..
moreover now red...might end flat or green at the end of the day...we seen our STI went crazy last Friday whereby last minute cheong downwards steeply...and yesterday...last half hour went up steeply...
unpredictable markets
cathylmg ( Date: 27-May-2008 10:40) Posted:
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I see red again liao!
I guess everyone is waiting how DOW perform tonight.
cyjjerry85 ( Date: 27-May-2008 10:12) Posted:
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its gonna be a quiet low volume day likely...
not the best time to buyin today as wallstreet after long weekend will be v shakey
watch out
today shld be sleeping fest here again
small +ve
STI has been dropping for 5 consecutive days, should pick up by this week, if not today...
Small gain, boosting morale.
finally the uncertainty ends yestearday on 26th in which the index is at 3103...market will recover further to try higher high till 18th July....good luck :)
| Posted: 22-May-2008 12:52 Contact victorf * Quote this Post! | |
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when we called for uncertainty mode in April 14th, index is around 3126...when i am back from business trip from Taiwan this morning, index is around 3138 as expected a month ago (and will not break 3192 resistance)....the uncertainty will end within these few days and my advice is to buy on dip....the recovery certainty mode will then last till 18th July 2008.....good luck :) |
Nikkie in green, could be a small ref before trade leow. Lets login to take a look, nothing much can be done today, AK think but still made some Qing last night.
Nikkei on a rebound of 1% currently
yep...its their Memorial Day
ciboysg ( Date: 27-May-2008 01:13) Posted:
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DJ not trading today wah...US, UK holiday...
AK_Francis ( Date: 27-May-2008 00:04) Posted:
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probably be seeing some technical rebound as there seems to be a mini reversal hammer...not a very strong one though