And one will be on the freshly printed million dollar bill. eom
Thank you for the post, but taking money from State banks is not a slam dunk for impeachment even if as you say, "laws were changed", you should get your Finance Minister and Central Banker in front of Congress, not Dilma.
Don't get me wrong, I'm the first that want to see Brazilians moving out from Socialism (I've got GFA on my radar), but I'm afraid the legal basis are weak enough to let her go quietly. That's why imo new elections are reasonable for all parts.
sounds reasonable. eom.
New elections coming in Brazil, seems reasonable, since the legal basis for impeachment are weak, and after all, Brazilians deep down know they're complicit when they voted twice for Socialism, and got Socialism. Bloomberg “a majority of Brazilians in a public opinion poll conducted by Ibope last month said new elections rather than impeachment are the best way to end the political crisis that has contributed to the worst recession in decades” . They should vote for a far right guy just to make clear lesson learned.
They've been back and forth since Nov 2015. CNN "Hedge fund billionaire Bill Ackman took a shot at Berkshire Hathaway for its long-time investment in Coca-Cola, saying that Coke has done more to create obesity and diabetes around the world than any other company...Munger had told Bloomberg that Valeant (VRX), which buys the rights to drugs and then raises prices, was "deeply immoral" and accused it of "price gouging."" Intriguing BKS stays on this topic. why?
I'm sure it has more to do with cooling off Impeachment discussions than criminal investigations. I mean the timing is just right. Bloomberg "Facebook Inc.’s WhatsApp messaging service was blocked in Brazil for the second time in less than six months for failing to comply with an order to turn over data in a criminal investigation."
Oh, I see, she did as every politician: exaggerated things. I’m not sure she’s appealing only to the uneducated, thou. I’m reading many posts on the internet from bilingual Brazilians, which tells me they’re educated, who post comments that capitalism has more flaws than socialism and in Brazil the problem was corruption, not socialism so the youth implementing socialism properly, will fix matters. Sic. The poster went as far as saying that the riots were mostly upper class misguided by Globo and the imperial masters. Sic.
If memory serves me well, this is the second time Ackman had to defend VRX from Buffet attacks. I recall him saying KO deploys diabetes. I'm curious about Buffet hammering on this.
What’s Buffet beef with Ackman? Less players? Eom
Now Buffet and Munger are giving you another good entry point for this trading vehicle. I'm in at $30. CNBC today's front page "Buffett, Munger rip Valeant for 'sewer' business model".
I don’t think it’s and outlandish lie. He will cut socialism, including “Bolsa Familia” and he, or whoever gets the job better be. Forex inflows into Brazil depend on it.
I don't need ZH to learn that the dollar is set by the market. For that, I go to my High School teacher. Have a good weekend.
Funny, just out on CNBC New Treasury monitoring list adds 5 countries. Answering your question: By pressing/relaxing IMF exchange surveillance.
You may also read the ZH piece "US Treasury Gives Explicit Warning To China, Germany And Japan Not To Devalue Their Currencies"
“…Treasury has been working aggressively to address exchange rate issues bilaterally, including through the U.S.-China Strategic and Economic Dialogue, and multilaterally through the G-7, G-20, and the International Monetary Fund."
And specifically referring to the G-20 meeting, the Treasury notes the following:
The United States has secured commitments from the G-20 member countries to move more rapidly to more market determined exchange rates, avoid persistent exchange rate misalignments, refrain from competitive exchange rate devaluations, and not target exchange rates for competitive purposes. Through Treasury’s leadership, the G-7 member countries, including Japan, have publicly affirmed that their fiscal and monetary policies will be oriented toward domestic objectives using domestic instruments. Treasury has also pushed for stronger IMF surveillance of the exchange rate policy obligations of its members. The IMF now publishes an exchange rate assessment for 29 economies, and is improving its exchange rate analysis in its Article IV reports on member countries. And through U.S. leadership, the Trans-Pacific Partnership countries have adopted—for the first time in the context of a trade agreement—provisions that address unfair currency practices by explicitly adopting G-20 exchange rate commitments and by promoting transparency and accountability."
He must have swapped AAPL cash into natty already. eom
Good. But I also demand the resignation of all the upper/middle class who embraced the "mark to market" instead of the "mark to reality" during the Bank Bailout because they kind of like their real estate values remain bubbled after their recent granite and pool upgrades. Millenials don't know they could've been buying dad's house on the dip with 5 years of work...and they would be loving capitalism...but too busy texting.