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Newly2b

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Newly2b

Re: basserdan post# 19054

Monday, 09/25/2006 5:43:23 PM

Monday, September 25, 2006 5:43:23 PM

Post# of 77467
Am I reading this wrong, or does this sound like Roach is making conflicting statements here?

"Brazil has the thinnest cushion of support from internal demand -- private consumption actually declined at a -0.5% average annual rate over the 2001-05 period. Next to India, Brazil is the BRIC that is least reliant on exports."

I mean, how can a country that has low internal demand also be the least reliant on exports? Seems to me a country that lacks private consumption would be MORE reliant on exporting their products, BWDIK.

Newly

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