User 122792

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    • Wed Nov 14th 18:07 PM | Rating: 0 0
      Commented on:
      Has the Dollar Hit Bottom?
      Well, indeed it is a pleasure to read this. I am not an economist but have had similar observations. I live part of the year in Brasil. Needless to say the dollar has been declining at a distressing rate. The Brasilians are paying a very high interest rate. The problem with this is that they will have to pay back their loans at a rate way above the rates in other countries. How will they do this? By borrowing more. Sound familar. This brought the economy down not to long ago. It is their history. In addition, they have too large agricultural sector. If the first world goes slow or into recession this sector tanks. Also, like America the public is in heavy debt. They have an enormous underclass. So, I see my dollars more valuable in a year or so.

      Any comments?

      Rio de Janeiro
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