RES: RES: RES: Goldman Sachs: scrap the strong dollar policy

Doug Henwood dhenwood at panix.com
Sun Aug 5 08:06:27 PDT 2001


Alexandre Fenelon wrote:


>-Ahhhh!!! I didn´t understand well the net debt. In Brazil we probably
>don´t have too much debt owed to us. I will try to find this data, but
>I would estimate our net debt in 35% at least.

During the 80s it was said that thanks to capital flight, a lot of big LatAm debtor countries were actually creditors, if you factored in all the secret foreign holdings by the local rich. Dunno if that's still true, but it seems like a possibility.

Doug



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