IBOV 176,723 ▲ 0.56% IPSA 10,928 ▲ 0.16% IPC MEX 66,637 ▲ 1.01% MERVAL 3,220,350 ▼ 0.46% COLCAP 2,296.81 ▼ 0.47% BVL PERÚ 56,428.20 ▲ 1.15% USD/BRL5.07▼ 1.25% USD/MXN17.42▼ 0.60% USD/CLP926.08▼ 0.73% USD/COP3,247▼ 0.48% USD/PEN3.39▼ 0.62% USD/ARS1,470▼ 0.88% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.25▲ 0.29% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▲ 0.25% USD/TTD6.75▲ 1.19% EUR/BRL5.79▼ 0.44% BRENT 85.32 ▲ 2.42% WTI 79.67 ▲ 1.96% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.15% GOLD 4,063 ▲ 1.66% SILVER 59.10 ▲ 2.54% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.34 ▲ 1.57% PETR4 40.67 ▲ 0.02% VALE3 74.20 ▲ 1.85% ITUB4 43.51 ▼ 0.02% BBDC4 18.67 ▼ 0.53% ABEV3 15.84 ▲ 0.06% BBAS3 20.60 ▲ 1.78% B3SA3 15.47 ▲ 2.31% WEGE3 44.44 ▲ 0.11% PRIO3 57.21 ▲ 0.02% SUZB3 41.38 ▼ 0.27% RENT3 40.50 ▲ 0.75% AZZA3 18.92 ▼ 1.56% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.48 ▼ 4.25% GMAT3 4.01 ▲ 1.78% PSSA3 54.50 ▲ 0.85% CVCB3 1.38 ▲ 10.40% POSI3 4.00 ▲ 0.25% SLCE3 13.74 ▼ 0.94% NATU3 8.55 ▼ 0.58% BRKM5 6.69 ▼ 3.60% RANI3 8.03 ▲ 1.01% CSNA3 5.15 ▼ 1.72% CMIN3 5.07 ▼ 6.97% USIM5 8.27 ▼ 1.31% GGBR4 23.17 ▲ 1.53% ENEV3 26.97 ▲ 0.33% CPFE3 47.30 ▲ 0.98% CMIG4 11.19 ▲ 1.08% EQTL3 40.93 ▲ 1.79% LREN3 14.29 ▲ 0.99% VIVT3 35.57 ▲ 2.42% RAIL3 14.12 ▲ 0.07% KLABIN 17.47 ▼ 0.06% RAIA DROGASIL 18.47 ▲ 1.48% RDOR3 36.12 ▲ 1.57% HAPV3 11.09 ▲ 6.02% FLRY3 16.48 ▲ 2.04% SMTO3 16.20 ▼ 1.04% UGPA3 30.09 ▼ 2.72% VBBR3 33.22 ▲ 1.40% BBSE3 40.31 ▲ 0.07% BPAC11 58.00 ▲ 0.83% CURY3 33.76 ▲ 1.93% AERI3 2.06 ▼ 0.96% VIVARA 23.48 ▲ 1.60% COMPASS 25.24 ▲ 1.90% VAMOS 3.12 ▲ 3.31% SANB11 27.40 ▲ 0.11% ASAI3 8.70 ▼ 0.11% SBSP3 30.36 ▼ 0.03% WALMEX 49.36 ▼ 0.58% GMEXICO 201.31 ▲ 2.92% FEMSA 232.29 ▲ 3.08% CEMEX 22.14 ▲ 1.65% GFNORTE 186.84 ▲ 2.62% BIMBO 56.37 ▲ 0.89% TELEVISA 9.52 ▼ 0.94% AMX 22.96 ▲ 1.64% GAP 394.20 ▼ 3.43% ASUR 277.85 ▼ 0.29% OMA 235.93 ▲ 1.12% KOF 180.40 ▼ 0.70% GRUMA 280.18 ▼ 0.42% KIMBER 38.54 ▲ 0.84% SQM-B 67,412 ▲ 0.30% COPEC 6,140 ▲ 1.37% BSANTANDER 78.77 ▲ 0.73% FALABELLA 5,914 ▲ 0.15% ENELAM 85.18 ▲ 1.16% CENCOSUD 2,050 ▲ 0.50% CMPC 1,087 ▲ 0.80% BANCO CHILE 188.19 ▲ 1.72% LATAM AIR 24.67 ▼ 0.92% YPF 77,400 ▲ 0.29% GGAL 7,910 ▼ 2.10% PAMPA 5,205 ▼ 0.38% TXAR 662.00 ▼ 0.38% ALUAR 950.00 ▼ 1.50% TGS 9,680 ▲ 1.15% CEPU 2,302 ▼ 0.73% MIRGOR 16,750 ▼ 1.47% COME 45.35 ▲ 1.27% LOMA NEGRA 3,513 ▲ 0.43% BYMA 301.75 ▼ 2.11% TELECOM ARG 4,310 ▲ 1.41% ECOPETROL 16.02 ▲ 0.88% BANCOLOMBIA 81.58 ▲ 1.44% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 391.68 ▲ 0.63% SOUTHERN COPPER 181.42 ▲ 3.95% BUENAVENTURA 30.75 ▲ 3.10% MERCADOLIBRE 1,856 ▼ 0.60% NUBANK 13.89 ▲ 1.57% XP 16.79 ▲ 2.54% PAGSEGURO 9.20 ▼ 0.92% STONE 11.18 ▲ 0.27% GLOBANT 31.19 ▼ 2.90% TECNOGLASS 43.85 ▲ 2.36% GAP AIRPORT 226.29 ▼ 2.78% ASUR 277.85 ▼ 0.29% OMA AIRPORT 108.15 ▲ 1.90% AMX ADR 26.27 ▲ 0.90% FEMSA ADR 133.41 ▲ 3.41% CEMEX ADR 12.72 ▲ 2.13% PETROBRAS ADR 17.94 ▲ 0.31% VALE ADR 14.58 ▲ 2.82% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.41 ▲ 1.12% AMBEV ADR 3.09 ▲ 0.98% CSN 1.03 ▼ 0.49% GERDAU 4.59 ▲ 2.23% LATAM ADR 53.28 ▼ 0.09% BTC 64,579 ▲ 3.76% ETH 1,878 ▲ 5.89% SOL 77.38 ▲ 3.36% XRP 1.12 ▲ 5.03% BNB 581.01 ▲ 2.54% ADA 0.16 ▲ 4.11% DOGE 0.07 ▲ 3.51% AVAX 6.67 ▲ 3.50% LINK 8.28 ▲ 5.17% DOT 0.85 ▲ 1.49% LTC 44.98 ▲ 3.43% BCH 237.01 ▲ 0.33% TRX 0.33 ▲ 0.33% XLM 0.19 ▲ 2.81% HBAR 0.07 ▲ 0.11% NEAR 2.02 ▲ 5.44% ATOM 1.56 ▲ 1.50% AAVE 98.90 ▲ 4.81% SELIC 14.25% EMBRAER 82.90 ▼ 0.13% EMBRAER ADR 65.40 ▲ 1.42% JBS 11.87 ▲ 0.59% JBS BDR 60.15 ▼ 0.76% MBRF3 16.17 ▲ 2.86% MBRFY 3.11 ▲ 1.97% INTER 5.67 ▲ 0.27% EGX 52,299 ▼ 0.59% USD/ZAR16.37▼ 0.62% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.18▼ 0.16% USD/CNY6.76▼ 0.26% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD1.14▲ 0.39% GBP/USD1.34— 0.00% SPX 7,546 ▲ 0.40% DJI 52,513 ▲ 0.03% NDX 29,594 ▲ 1.13% RUT 2,964 ▲ 0.36% TSX 35,316 ▲ 0.18% VIX 16.42 ▼ 4.31% USD/CAD1.41▼ 0.62% US10Y 4.5890 ▼ 0.43% IBOV 176,723 ▲ 0.56% IPSA 10,928 ▲ 0.16% IPC MEX 66,637 ▲ 1.01% MERVAL 3,220,350 ▼ 0.46% COLCAP 2,296.81 ▼ 0.47% BVL PERÚ 56,428.20 ▲ 1.15% USD/BRL 5.07 ▼ 1.25% USD/MXN 17.42 ▼ 0.60% USD/CLP 926.08 ▼ 0.73% USD/COP 3,247 ▼ 0.48% USD/PEN 3.39 ▼ 0.62% USD/ARS 1,470 ▼ 0.88% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.25 ▲ 0.29% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▲ 0.25% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.79 ▼ 0.44% BRENT 85.32 ▲ 2.42% WTI 79.67 ▲ 1.96% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.15% GOLD 4,063 ▲ 1.66% SILVER 59.10 ▲ 2.54% SOY 1,191 ▼ 0.96% CORN 459.50 ▲ 4.97% WHEAT 644.00 ▲ 2.71% COFFEE 327.00 ▼ 4.22% SUGAR 14.92 ▲ 1.15% ORANGE JUICE 140.90 ▼ 1.16% COTTON 81.68 ▲ 2.32% COCOA 5,936 ▲ 4.21% BEEF 231.58 ▼ 1.34% CATTLE 349.63 ▼ 1.33% LITHIUM 71.34 ▲ 1.57% PETR4 40.67 ▲ 0.02% VALE3 74.20 ▲ 1.85% ITUB4 43.51 ▼ 0.02% BBDC4 18.67 ▼ 0.53% ABEV3 15.84 ▲ 0.06% BBAS3 20.60 ▲ 1.78% B3SA3 15.47 ▲ 2.31% WEGE3 44.44 ▲ 0.11% PRIO3 57.21 ▲ 0.02% SUZB3 41.38 ▼ 0.27% RENT3 40.50 ▲ 0.75% AZZA3 18.92 ▼ 1.56% CSAN3 3.89 ▼ 0.26% RAIZ4 0.31 ▼ 6.06% PCAR3 2.48 ▼ 4.25% GMAT3 4.01 ▲ 1.78% PSSA3 54.50 ▲ 0.85% CVCB3 1.38 ▲ 10.40% POSI3 4.00 ▲ 0.25% SLCE3 13.74 ▼ 0.94% NATU3 8.55 ▼ 0.58% BRKM5 6.69 ▼ 3.60% RANI3 8.03 ▲ 1.01% CSNA3 5.15 ▼ 1.72% CMIN3 5.07 ▼ 6.97% USIM5 8.27 ▼ 1.31% GGBR4 23.17 ▲ 1.53% ENEV3 26.97 ▲ 0.33% CPFE3 47.30 ▲ 0.98% CMIG4 11.19 ▲ 1.08% EQTL3 40.93 ▲ 1.79% LREN3 14.29 ▲ 0.99% VIVT3 35.57 ▲ 2.42% RAIL3 14.12 ▲ 0.07% KLABIN 17.47 ▼ 0.06% RAIA DROGASIL 18.47 ▲ 1.48% RDOR3 36.12 ▲ 1.57% HAPV3 11.09 ▲ 6.02% FLRY3 16.48 ▲ 2.04% SMTO3 16.20 ▼ 1.04% UGPA3 30.09 ▼ 2.72% VBBR3 33.22 ▲ 1.40% BBSE3 40.31 ▲ 0.07% BPAC11 58.00 ▲ 0.83% CURY3 33.76 ▲ 1.93% AERI3 2.06 ▼ 0.96% VIVARA 23.48 ▲ 1.60% COMPASS 25.24 ▲ 1.90% VAMOS 3.12 ▲ 3.31% SANB11 27.40 ▲ 0.11% ASAI3 8.70 ▼ 0.11% SBSP3 30.36 ▼ 0.03% WALMEX 49.36 ▼ 0.58% GMEXICO 201.31 ▲ 2.92% FEMSA 232.29 ▲ 3.08% CEMEX 22.14 ▲ 1.65% GFNORTE 186.84 ▲ 2.62% BIMBO 56.37 ▲ 0.89% TELEVISA 9.52 ▼ 0.94% AMX 22.96 ▲ 1.64% GAP 394.20 ▼ 3.43% ASUR 277.85 ▼ 0.29% OMA 235.93 ▲ 1.12% KOF 180.40 ▼ 0.70% GRUMA 280.18 ▼ 0.42% KIMBER 38.54 ▲ 0.84% SQM-B 67,412 ▲ 0.30% COPEC 6,140 ▲ 1.37% BSANTANDER 78.77 ▲ 0.73% FALABELLA 5,914 ▲ 0.15% ENELAM 85.18 ▲ 1.16% CENCOSUD 2,050 ▲ 0.50% CMPC 1,087 ▲ 0.80% BANCO CHILE 188.19 ▲ 1.72% LATAM AIR 24.67 ▼ 0.92% YPF 77,400 ▲ 0.29% GGAL 7,910 ▼ 2.10% PAMPA 5,205 ▼ 0.38% TXAR 662.00 ▼ 0.38% ALUAR 950.00 ▼ 1.50% TGS 9,680 ▲ 1.15% CEPU 2,302 ▼ 0.73% MIRGOR 16,750 ▼ 1.47% COME 45.35 ▲ 1.27% LOMA NEGRA 3,513 ▲ 0.43% BYMA 301.75 ▼ 2.11% TELECOM ARG 4,310 ▲ 1.41% ECOPETROL 16.02 ▲ 0.88% BANCOLOMBIA 81.58 ▲ 1.44% GRUPO AVAL 4.92 ▲ 0.20% CREDICORP 391.68 ▲ 0.63% SOUTHERN COPPER 181.42 ▲ 3.95% BUENAVENTURA 30.75 ▲ 3.10% MERCADOLIBRE 1,856 ▼ 0.60% NUBANK 13.89 ▲ 1.57% XP 16.79 ▲ 2.54% PAGSEGURO 9.20 ▼ 0.92% STONE 11.18 ▲ 0.27% GLOBANT 31.19 ▼ 2.90% TECNOGLASS 43.85 ▲ 2.36% GAP AIRPORT 226.29 ▼ 2.78% ASUR 277.85 ▼ 0.29% OMA AIRPORT 108.15 ▲ 1.90% AMX ADR 26.27 ▲ 0.90% FEMSA ADR 133.41 ▲ 3.41% CEMEX ADR 12.72 ▲ 2.13% PETROBRAS ADR 17.94 ▲ 0.31% VALE ADR 14.58 ▲ 2.82% ITAU ADR 8.56 ▲ 1.00% SANTANDER BR 5.41 ▲ 1.12% AMBEV ADR 3.09 ▲ 0.98% CSN 1.03 ▼ 0.49% GERDAU 4.59 ▲ 2.23% LATAM ADR 53.28 ▼ 0.09% BTC 64,579 ▲ 3.76% ETH 1,878 ▲ 5.89% SOL 77.38 ▲ 3.36% XRP 1.12 ▲ 5.03% BNB 581.01 ▲ 2.54% ADA 0.16 ▲ 4.11% DOGE 0.07 ▲ 3.51% AVAX 6.67 ▲ 3.50% LINK 8.28 ▲ 5.17% DOT 0.85 ▲ 1.49% LTC 44.98 ▲ 3.43% BCH 237.01 ▲ 0.33% TRX 0.33 ▲ 0.33% XLM 0.19 ▲ 2.81% HBAR 0.07 ▲ 0.11% NEAR 2.02 ▲ 5.44% ATOM 1.56 ▲ 1.50% AAVE 98.90 ▲ 4.81% SELIC 14.25% EMBRAER 82.90 ▼ 0.13% EMBRAER ADR 65.40 ▲ 1.42% JBS 11.87 ▲ 0.59% JBS BDR 60.15 ▼ 0.76% MBRF3 16.17 ▲ 2.86% MBRFY 3.11 ▲ 1.97% INTER 5.67 ▲ 0.27% EGX 52,299 ▼ 0.59% USD/ZAR 16.38 ▼ 0.50% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.17 ▼ 0.16% USD/CNY 6.7624 ▼ 0.13% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD 1.1429 ▲ 0.37% GBP/USD 1.3383 ▲ 0.25% SPX 7,546 ▲ 0.40% DJI 52,513 ▲ 0.03% NDX 29,594 ▲ 1.13% RUT 2,964 ▲ 0.36% TSX 35,316 ▲ 0.18% VIX 16.42 ▼ 4.31% USD/CAD 1.4066 ▼ 0.61% US10Y 4.5890 ▼ 0.43%
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Opinion: Trump and Putin’s Bromance Explained

By · December 19, 2016 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – The Curmudgeon lives in Brazil, which has no external enemies, and on so rainy Saturdays he is wont to take a break from criticizing Brazil’s internal enemies, looking askew, askance and awry at the cold northern world he left four decades ago. Having done so this week, he wishes to explain why Trump is so diligently courting Putin.

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But first, a warning: what follows is neither truth or post-truth, nor, we fervently hope, “pre-truth”. As an aside, the Russian language has two words for truth, one meaning inherent, the other apparent. Query whether Trump’s English language has any word for it. But we digress.

The Curmudgeon submits that Donald Trump believes, really and truly, all of the following: (a) America should remain the sole superpower in the world; (b) China is the only serious threat to American hegemony; (c) Russia is a paper tiger, no real threat to anyone except China; (d) there are vast mineral resources, largely unexplored, in the South China Sea; and (e) Exxon Mobil & Co should have the unimpeded right to explore those resources.

Trump’s advisors have reminded him of the halcyon days when the USSR and China, both Communist in name but very different in outlook, were contestants in their drives to influence, if not control: (a) Korea, Japan and Mongolia in the Far East; (b) Indochina in Southeast Asia; and (c) Afghanistan and the Otheristans west of Tibet.

China regards the entire South China Sea as its private backyard pond, just as the U.S. regards the Caribbean, and Russia the Black Sea. Trump knows the Chinese are making moves to implant hegemony there. Trump also knows that Russia and China have unresolved border issues. If Russia, supported by the US, reappears on China’s northern and western borders as a potential territorial threat, that will draw China’s attention away from the South China Sea.

With China no longer in the way, Trump believes that Big Oil will, sooner or later, obtain exclusive drilling rights in the waters off the Philippines, Vietnam, Malaysia, Taiwan and Brunei, all of whom have territorial claims to the Sea, and all of whom have long preferred American influence to Chinese.

The Curmudgeon’s inner Goldwater voter whispers in his ear that Trump may just be right. China will surely overtake the US in global hegemony, unless it enlists Russia in a last-ditch crusade to avoid that happening. Japan is non-nuclear, Korea is all business, Taiwan is a drop in the ocean: only an expansionist Russia under Putin is a credible threat.

Hence Trump and his Secretary of State, former Chairman of Exxon, will continue to poke sticks at China, such as treating Taiwan as if it were a separate country, and will continue to curry favor with the latest successor to Perón, Chávez, Saddam, Qaddafi, etc. There’s just one essential difference between Putin and those unworthy autocrats, a difference well known to both China and Trump — Putin really does have weapons of mass destruction.

The Curmudgeon admits this all sounds a bit like a script for a movie, but he doesn’t expect Hollywood to come knocking on his door.

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