RIO DE JANEIRO, BRAZIL - Since the beginning of the year, almost everything that could have gone wrong for the government in the run-up to the general election has happened.
A few days before the ballot, the blue dollar (unofficial rate) has reached record highs, sovereign risk is at its highest level since the last debt swap, inflation continues to rise, and an agreement with the International Monetary Fund (IMF), which would be something of a balm for the markets, still seems a long way off.
"There is not a single indicator that is doing well right now. Perhaps the . . .