!" #"$% &’("" ) #"$% &#*" +", #-’./ ! 0(1( 0!(-"! &"#" #&#".% ! 2! #3 ’44 546 4 78 68 96:868;8 < =;6 =4 =8 6;4= <8> 06<6 046?4 68@4 =< += ;=; =<84 >=<8= 484 = =@;6 9= A8A =<8A< =< ><= 94=6 98 =< 8;< 98 ;6= 8 =8 ;=;6 8 >864 ? 4=94 0 4=4 =<= ;=;6 8 =<8=;6 == 9A4 8 =< 9= ;=; 4 =<= =< += @= 99 ==8 =6 < ;84 ;=; 986=8 046?4B ;=;6 > ; 899 =< = 89 <8> =8 == +=B A 98 ;6= =8 ;=;6 8 8?A =< 6= >=;< C= ;8== 6= =< =<4 =8@ 98 =; 4 >=;< 8 ;<A 8A =< ;8 =< 4 89 6?=@ 4 = ?8=< =<8=;6 4 ;=;6 046?4 ; 9864 =8 8=; =<8 =8 4 <6 =8 4=4 =< =< 468= 89 += =<8 6= 8= ;8=4;=8 >=< =< ;8 89 ;6= 8 +=D 046?4D 8C=D <4 "=8@D &;=;6 #8D & #8 ! " # 8=?EF 4 06<6 046?4 ==E78 48 =848 ;G=;8 $%&’ += 6A8 8=E78 968H9; I ;<A8 = 8 8C=8 4 ;86 4 -4 = 4 9A 4 06<6 046?4 JK LMN " = ;=8 ;=8 ; 9= 046?4 4= <E =6;=6 4 += 44;E78 O <=H 4 96889 P I ;8== ;6 ;8=?E78 ??68AQ9; P 4=8 4= 9=8 ;8= 046?4 8 I 8 8?6Q=;8 86< C=8 4 <=H 4 96889 I 94= 6;E78 O <=H O ;6= =8 I =6R ; =6 =<=8 4 I6I ;6= 8 = 4 <=H 4 ;6= ==48 8 8=8 4 = C=8 = ;8=48 ?8 94=8 = 88= D D D !

2008 MOVIMENTO DA RAZÃO ESPECULATIVA 2008.pdf

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