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Re: NY Times: Brazilís Deforestation
Edited by board administrator July 28, 2019, 9:00 pm
Hello Machado. Thank you for your comments. To me the bad actions of a country do not justify the bad actions of another. But as I have said, the purpose of my post was to address the potential of coffee production expansion in Brazil. I believe that you have addressed this and have expressed the view of many producers which is that selling more at lower prices will compensate for selling less at higher prices. I believe that this is called supply side economics which is the credo of both Guedes and Bolsonaro. It works well in an inflationary environment but I donít know about a depressed one as we have now. So the farmers may suffer and the speculators will be blamed. Ultimately, as traders, we will capitalize whichever direction the market goes, and the reasons become irrelevant.