Economic Forecast for US Economy for 2010 and Beyond

[nazzdack]

Quote from southamerica:
…Bill Gross, who manages the record $199.5 billion Pimco Total Return Fund, cut government debt holdings and boosted cash to the most since Lehman Brothers Holdings Inc. collapsed in 2008, the company reported on its Web site on Dec. 18.

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?

 

[SouthAmerica]

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Quote from nazzdack: . . .the "thing" he fears most?

Tgregg Reply: More posts about Brazil in the econ forum?


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January 4, 2010

SouthAmerica: Posts about Brazil such as:

“Brazil Is Betting Civil Construction Will Get 9% Boost, in 2010, Well Above 5% GDP”

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


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Why do I fear all this good news about Brazil?

Because of the amount of “hot money” 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 forth….

I would suggest that the Brazilian Central Bank reduce the Selic bank rate (Fed Funds rate in Brazil) right now to discourage the “hot money” from going to Brazil.

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