[PEN-L:1869] Re: marginalism uber alles

[Rob Schaap <rws@xxxxxxxxxxxxxxxxxxxxxxxxx>]

G'day Penners,

Why is no-one talking about Brazil?  Cardoso has put a gun against his
cabinet's head on the understanding they do the IMF's bidding and chop
$23.5 billion off the budget.  This for an $18 billion stop-gap from an IMF
that still sounds to me like the one that put the cleaners through Thailand
et al.

No sooner do the IMF hand over the first five billion, but half of that
pours back out of the country in a firtnight.

Or doesn't this matter?

And is Tom in a position to tell us how the streets are taking this news
down there?

Have a festive blast, everybody!  And have as happy a new year as is
reasonable to expect - well, perhaps a slightly happier one ...

Rob.