quarta-feira, 5 de junho de 2013

IOF is zero again

Guido´s currency war is over apparently...IOF = 0%

How much of an impact? Hard to tell, but in the past what made a HUGE difference (in the opposite direction) were the interventions in the futures market. Nevertheless, we have to applaud the 0% IOF. I am happy to see   these heterodoxos fellows concerned about inflation and government / private sector financing sources.

Since fundamentals are against the Real, though, I buy dollars at 2.08 without fear (have to say i am planning to move abroad for good)

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