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  • Brazil Throws The Cat Among The Pigeons!

    In This Issue..

    * Real leads Commodity Currencies to the woodshed!
    * Niall Ferguson speaks his mind...
    * BOC leaves rates and statement unchanged...
    * Bollard gives the green light!

    Good day... And a Wonderful Wednesday to you! How many people out there know about "network neutrality"? Well, if you don't know, you're about to find out tomorrow, when it will be decided upon... I'm not going to get into it, because after you find out what it is you'll know why I didn't explain... All I'll say is that this is just another thing that's flying below the radar that's about to be thrown in our laps...

    OK... Well... Yesterday, after signing off and hitting the 'send button' for the Pfennig, I saw a story that shot across the desk, and then a follow up was sent to me by Don Ries later in the morning. The story was about the Brazilian Gov't imposing a 2% tax on capital inflows... This was done in an attempt to slow down the Brazilian economy by slowing down the "hot money" that's going into the Brazilian stock market by foreigners... Talk about throwing a cat among the pigeons!...