Journal Entry #2 – Alexandre

September 11, 2008

Alexandre: 8 – I belive that the dollar has decreased (Where? In Brazil?All over the world?) because of the american ressesion . Although the American Government injected 200 billions of dollars in the economy , people are still needing money to pay the bill , for example. As a matter of fact, our stock market ( BM&F) has decreased because of the selling of foreign stocks and that’s why the dollar increased to 1.77 reais. The Lemmans Brothers Bank , for example , had a loss of 3.9 Billions of Dollars according to Bloomberg. (Wow, I did not know any of that!)

Rick: I would be very curious to know more about the issue!


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