Some Unpleasant Monetarist Arithmetic (guest: Jim Leitner)
The Market Huddle
00:00
Is There a Currency Opportunity?
Jim Boulden: Brazil's central bank knows how to deal with inflation, and was not afraid to start raising rates way before the fed. He says call spreads on the brazilian currency are relatively inexpensive because they are priced off a forward price - which makes it very cheap. "You can get easily ta the six x, seven x kind of returns if we're going back four and a half years," he says.
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Transcript
