Hi NorthernSantuary,
I imagine that Gerald Celente could very well be right. I also imagine that the US and European economic crises' will eventually reach down here in Brazil.
However, we need to shout loudly also when we have good things to say. So the sales of cars in Brazil in the first half of February rose 8% in relation to the same time in January, and 3,5% in relation to the same time last year. Okay the government had reduced a 7% tax on some models and it's mainly these models that have sold more, but all the same there was an increase.
The banks down here are not suffering too much at the moment as the risk factor is a lot less. However, the international banks loke HSBC, Unibanco AIG and others are more prone to weakness because of their ties. The independent banks (Brazilan) seem to be at the moment in the pink.
Economic collapse is like a domino effect, so I'm here near to the end of the line of dominos with a little bit more time to see it all play out.
So far it's been very interesting.
Best regards,
Steve
Quote:
Originally Posted by NorthernSantuary
In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster with an impressive track record. He believes its going to be very violent in the U.S., including there being a tax revolt.
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