Michael Gavin Quotations

Moody's and S&P have underrated Brazil, so I'd say there is a chance of more upgrades.

Going forward, we expect the economy to show positive year-on-year and seasonally adjusted rates in the quarters ahead, but the 1.8 percent Central Bank estimate appears to have more downside than upside risk at the moment.

Part of the significance of this vulnerability announcement is that your machine can be exploited without you needing to do anything at all. You don't even have to open an e-mail or attachment, and this happens with the default configuration of the product.

We think that with the risk of surprisingly tight U.S. monetary policy diminishing as the U.S. economy decelerates, and with the peso strong, the scales are tipped to a 50bp east at the January meeting.

As so often happens in these types of cases ... once they realize there is monetary gain, they extort money.

It is too amorphous--the picture is cloudy. It looks like it might develop into a very interesting picture, but what are the odds (of that happening)? We don't know.

In a sense, it's also looking at a bigger problem, which in some ways makes it more challenging for them. There are tough problems to solve here. And it's easier to solve those problems while you're in a more constrained environment like Microsoft.

The Central Bank proved that it will remain vigilant if it suspects that the 4.5 percent inflation target for 2002 may be threatened.