Brazil and China BFF's forever

[John_Wensink]

South America what happened?

^BVSP Bovespa 37,616.74 11:47AM ET 6,900.56 (15.50%)


I thought Brazil would be insulated from any happenings in the US as you were best buddies with China.

Any more sage advice professor?

 

[crazy_trader]

Someone need to start a thread "Why not to invest in Brazil?

 

[Gringinho]

Massive repatriation and foreign flight

 

[John_Wensink]

I think Ricardo is a prime candidate to jump out of a first floor window and end it.

 

[Daal]

he will blame it on the US and wall street of course

 

[clacy]

Quote from Daal:

he will blame it on the US and wall street of course

That's a fact!

 

[Gringinho]

Hehe,
SP and BA halted most exchange operations, though... there is enough crime as it is.
Many will wake up with ladyboys at a motel tomorrow, after a "wet night of sorrows"... followed by much deeper regrets.
Typical of Brazilians etc.

 

[John_Wensink]

I can already see his response:

"In an article I wrote 8 years ago for the Brazillian Red Eye......"

 

[Corelio]

Quote from John_Wensink:


I thought Brazil would be insulated from any happenings in the US as you were best buddies with China.

Being from Brazil myself I can assure you that a lot of people actually bought into this idea with both fists.

I have been in the US for the past 15 yrs., but I have numerous contacts in Brazil ranging from money managers to brokers. Almost everyone swallowed the pill "Brazil is insulated" type of story. The more astute ones jumped out of the train before this carnage, but sources tell me that the worst is yet to come. Once the capital outflow gets really entrenched you will see the government scandals come afloat.

If you want to see erosion of confidence...then keep a close eye on Brazil and you will see the mammoth scandals about to emerge.

Sad but true...

 

[John_Wensink]

I'm sure, I wasn't bashing Brazil I was bashing that boob SA.

Quote from Corelio:

Being from Brazil myself I can assure you that a lot of people actually bought into this idea with both fists.

I have been in the US for the past 15 yrs., but I have numerous contacts in Brazil ranging from money managers to brokers. Almost everyone swallowed the pill "Brazil is insulated" type of story. The more astute ones jumped out of the train before this carnage, but sources tell me that the worst is yet to come. Once the capital outflow gets really entrenched you will see the government scandals come afloat.

If you want to see erosion of confidence...then keep a close eye on Brazil and you will see the mammoth scandals about to emerge.

Sad but true...