Subtopic	Posts		Updated
	Archive 01	50		2005/07/13, 10:54 pm

Morgan Stanley is actively recommending investors buy the Real and Brazilian equities at this time, stating that "Brazil currently trades at a large 44% discount to developed markets... and the Brazilian market looks very attractive"

They go on to predict that short-term interest rates paid in Brazil will fall from the current 18.76% to 14% by 12/06, as the value of the Real continues to rise.

They conclude their forecasts with a warning that any China slowdown would negatively impact Brazilian equities.

I thought I would share this for two reasons:

First, to assist any expats in forecasting what the Real will do over the next 18 months, and...

Second, to explain how the Chinese are fucking up our game in Brazil.

DGWhothinksitisbesttolearnChineseNOW

dui! xue xi zhong guo hua hen hao!

DMwhothinkstudyingChinesePussyisbetter!

dongringo, do you have a link to where you pulled the quotes from?

Gr8ter I do not have a link, but the source is from the Integrated Strategies Team.

Bloomberg usually have pretty good updates on the Brazilian economy and politics. According to this article, Real performed the best against the dollar in a basket of currencies. What bad luck!! Well, drink more and fuck less!? I doubt many of the hombres on this board will change plans because of the currency rate.
http://www.bloomberg.com/apps/news?pid=10000086&sid=amFqYvuDyVn8&refer=latin_america

Here is another good link for those who like a visual image of where the real has been vs the dollar.
http://www.forexdirectory.net/real.html