Gringoes > miguel
miguel
  • miguel became a registered member 2 years, 3 months ago

  • With this desgovernounable to balance its accounts and sending a budget to the congress with a primary fiscal deficit, a sovereign downgrade is no longer an ‘uncertainty.’ With this so helpfully cleared up, the markets have finally begun to price that in.miguel2015-08-31 18:49:51

  • [QUOTE=The Abbot] If I am not mistaken, some news outlets suffered a similar “glitch” at exactly the same time. Like I said, I have not followed the story but I think Wall Street Journal was one of them. Very strange! [/QUOTE]Yes. Also Valor Economico at the same time as WSJ.

  • [QUOTE=Gringo.Serrano]Any Game of Thrones fans out there? [/QUOTE]Not until last month – when watched the entire 5 seasons in a few (marathon) sessions Highly entertaining, but agree with grads in that the last season’s plots were especially convoluted. Read that that was because the original source material had by then largely been transferred to…[Read more]

  • [QUOTE=Gringo.Serrano]Andspeaking of Helicopter Janet, did you happen to *this article Miguelin FT the other day, where Ms. Yellen is quoted as saying: “Based on many years of making economic projections, I can assureyou that any specific projection I write down will turn out to bewrong, perhaps markedly so.”[/QUOTE]I did. And the specific…[Read more]

  • [QUOTE=Gringo.Serrano]No Life Boats Left(but maybe your home country consulate will send a helicopter to airlift you out) Confused[/QUOTE]Speaking of all things literary: – Gringo.Serrano’s literary device of “helicopter” (G.S: intentional or subliminal?) here also caught my attention.Query: Could that metaphorical consulate airlift be any more useless…[Read more]

  • As for offshore carry- and day- traders, looking to make a quick buck and desperately arbitrage the measly interest rates (that is, if they aren’t already negative) received in the financially repressed US, or Europe, they will end up getting slaughtered once again, as soon as the next crisis hits, and the exchange rate hits the skids,…[Read more]

  • [QUOTE=finrudd][QUOTE=andrew_nofro]Wow.. this site is so 1999. I’m used to tagging people. Too bad you can’t do that here.Anyway, 2 things:1) We’re going back to 2,60’something2) Don’t borrow money, but why not invest money you already make here. I saw some CDBs going for 15%. [/QUOTE]SELIC just went up last week, and there are quite a few good…[Read more]

  • [QUOTE=Gringo.Serrano] But with any devaluation of a currency, the window of opportunity is limited, before people begin to adjust those local prices accordingly.[/QUOTE]So true. There was a post here or in a separate thread maintaining that the stronger dollar was restoring purchasing power for holders of dollars at the local supermarket. Until…[Read more]

  • [QUOTE=Gringo.Serrano]Yeah, LEDs off topic, but that’s the forum. ;-)[/QUOTE]Ain’t that the truth! For interior lighting I now use strictly halogen and LED. I like the halogen effect especially over my bar area, and I actually prefer the LEDs aesthetically to the drab industrial-feel of the CFLs (also nice to get all that mercury out of the…[Read more]

  • @jkennedy: Interesting. What might you consider to be a trigger point for considering purchasing – say in terms of a macro leading indicator, and/or a micro price point, for such units. (It sounds from your post that a significant correction may be required; can you somehow quantify that.) Say from the medium- to long-term perspective of someone…[Read more]

  • [QUOTE=The Abbot][QUOTE=Zummbot]The lull this site is experiencing was inevitable if only due to the tepid economy in Brazil compared to a few years ago. However I am not aware of any other forums dedicated to English-speaking expats living in Brazil that are still functional besides this one. As long as there are English-speaking expats in…[Read more]

  • [QUOTE=fiction_factory]Hijacking a topic for the purposes of bashing a city is not very considerate, and shows lack of good internet citizenship. Especially considering that most of you are veteran members, you should know betterAnyway to answer the question, yes it’s 280.000, and it’s negotiable. I’m planning a move back to Europe after nearly…[Read more]

  • [QUOTE=The Abbot]http://online.wsj.com/articles/banco-santanders-brazil-unit-fires-analyst-others-after-political-comment-1406665764?mod=_newsreel_1What are your opinions on this story? Reeks of dictator like censorship. A Santander Analyst critized the economic policies of Dilma and PT and after a sh*te storm from Brasilia (many threats) he was…[Read more]

  • [QUOTE=GreatBallsoFire] There have been rumblings about …. a national wealth tax, among top PT economists to redistribute wealth in Brazil. This will happen if Dilma gets re elected.[/QUOTE] Should this happen (the constitution allows for this eventuality, enabling legislation would be required) the lowest threshold will be fairly high. Given…[Read more]

  • [QUOTE=WilliButz][QUOTE=miguel]For founds with aquisitions, units and value are adjusted at YE2103, using the value andexchange rate of then.[/QUOTE]No, as mentioned previously you use the exchange rate on the dates of acquisition, just as you will eventually use the exchange rate on the dates of redemption.miguel2014-04-28 09:12:39

  • [QUOTE=tbird]I believe that the deeper idea behind keeping the initial value of assets is that Receita wants to be able to charge you capital gains tax on a larger amount when and if you sell the assets.[/QUOTE]Precisely, capital gains (if any) based on both currency and price fluctuations are recognized at sale date, in the meantime the tax basis…[Read more]

  • [QUOTE=WilliButz][QUOTE=miguel]See my note above, which also applies to foreign mutual funds. Do not update your asset value, after the initial column, and in future columns/years (which includes 12/31/2013), for changes in the exchange rate, or NAV (net asset value – share price). If you declare mutual funds you held prior to permanencia, any…[Read more]

  • [QUOTE=tbird][QUOTE=miguel][QUOTE=tbird]what about cold cash stashed away in the mattress. My friend has 1000 euros in cash that he is going to declare. But why not just declare that he has 10,000 euros? Is there any conceivable scenario in which Receita would ever verify this?[/QUOTE]If your friend is going down this route, then why does he stop…[Read more]

  • In line with the re-opening of Tavern on the Green?

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