IBOV 176,530 ▲ 2.19% IPSA 10,989 ▼ 0.33% IPC MEX 66,608 ▲ 0.76% MERVAL 3,224,506 ▲ 0.69% COLCAP 2,294.61 ▲ 0.08% BVL PERÚ 56,194.27 ▲ 1.18% USD/BRL5.10▼ 0.29% USD/MXN17.48▼ 0.41% USD/CLP922.26▼ 0.59% USD/COP3,238▼ 3.15% USD/PEN3.39▼ 0.20% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.84▼ 0.98% BRENT 75.71 ▼ 0.77% WTI 71.24 ▼ 1.17% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.17% GOLD 4,121 ▼ 0.24% SILVER 60.34 ▼ 0.06% SOY 1,189 ▲ 0.78% CORN 457.50 ▲ 6.95% WHEAT 641.75 ▲ 4.99% COFFEE 332.65 ▼ 6.81% SUGAR 14.84 ▼ 1.85% ORANGE JUICE 149.90 — 0.00% COTTON 80.87 ▲ 6.18% COCOA 5,992 ▼ 5.02% BEEF 234.73 ▼ 0.22% CATTLE 354.78 ▼ 0.39% LITHIUM 72.27 ▼ 0.76% PETR4 39.45 ▲ 0.61% VALE3 74.34 ▲ 1.63% ITUB4 43.66 ▲ 2.51% BBDC4 18.56 ▲ 3.11% ABEV3 15.85 ▲ 0.83% BBAS3 20.39 ▲ 1.95% B3SA3 15.41 ▲ 4.19% WEGE3 46.48 ▲ 1.62% PRIO3 55.18 ▼ 0.77% SUZB3 41.50 ▲ 1.15% RENT3 40.45 ▲ 2.67% AZZA3 19.08 ▲ 3.36% CSAN3 4.00 ▲ 3.63% RAIZ4 0.37 — 0.00% PCAR3 2.77 ▲ 0.36% GMAT3 3.97 ▲ 1.02% PSSA3 54.04 ▲ 1.29% CVCB3 1.26 ▲ 0.80% POSI3 3.95 ▲ 2.60% SLCE3 13.94 ▲ 1.09% NATU3 8.57 ▲ 1.30% BRKM5 6.51 ▲ 2.36% RANI3 7.97 ▲ 1.40% CSNA3 5.12 ▲ 6.67% CMIN3 5.08 ▲ 5.18% USIM5 8.46 ▲ 1.32% GGBR4 22.95 ▲ 2.09% ENEV3 27.05 ▲ 3.24% CPFE3 47.41 ▲ 2.42% CMIG4 11.31 ▲ 2.08% EQTL3 40.66 ▲ 2.91% LREN3 14.74 ▲ 4.17% VIVT3 35.44 ▲ 2.72% RAIL3 13.97 ▲ 1.60% KLABIN 17.47 ▲ 0.40% RAIA DROGASIL 18.78 ▲ 3.59% RDOR3 35.94 ▲ 2.25% HAPV3 10.56 ▲ 4.87% FLRY3 16.27 ▲ 3.30% SMTO3 15.91 ▼ 0.87% UGPA3 30.54 ▲ 1.46% VBBR3 32.58 ▲ 1.50% BBSE3 39.84 ▲ 1.43% BPAC11 57.38 ▲ 3.05% CURY3 33.80 ▲ 3.36% AERI3 2.08 ▲ 0.97% VIVARA 23.34 ▲ 3.37% COMPASS 25.08 ▲ 1.62% VAMOS 3.04 ▲ 2.70% SANB11 27.17 ▲ 3.50% ASAI3 8.80 ▲ 4.02% SBSP3 30.86 ▲ 2.87% WALMEX 49.28 ▲ 0.53% GMEXICO 198.00 ▲ 1.36% FEMSA 223.61 ▲ 0.56% CEMEX 21.97 ▲ 1.20% GFNORTE 188.09 ▲ 1.48% BIMBO 56.18 ▲ 0.45% TELEVISA 9.61 ▲ 1.26% AMX 23.02 ▲ 1.68% GAP 410.00 ▼ 0.90% ASUR 285.81 ▲ 0.78% OMA 236.04 ▼ 0.82% KOF 182.52 ▲ 0.90% GRUMA 285.30 ▲ 0.96% KIMBER 38.30 ▼ 0.36% SQM-B 67,383 ▼ 2.48% COPEC 6,040 ▲ 0.33% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,869 ▲ 0.30% ENELAM 84.61 ▲ 0.53% CENCOSUD 2,028 ▼ 1.39% CMPC 1,115 ▲ 1.85% BANCO CHILE 188.00 ▲ 0.53% LATAM AIR 26.16 ▼ 0.91% YPF 74,000 ▼ 2.34% GGAL 8,145 ▲ 3.36% PAMPA 5,155 ▼ 0.96% TXAR 664.00 ▼ 0.08% ALUAR 960.50 ▼ 0.83% TGS 9,470 ▲ 1.72% CEPU 2,319 ▲ 0.17% MIRGOR 17,250 ▲ 0.29% COME 45.88 ▲ 1.01% LOMA NEGRA 3,508 ▲ 0.29% BYMA 309.50 ▼ 0.08% TELECOM ARG 4,185 ▲ 1.58% ECOPETROL 15.44 ▲ 0.32% BANCOLOMBIA 82.97 ▲ 2.52% GRUPO AVAL 5.07 ▲ 0.99% CREDICORP 399.76 ▲ 2.00% SOUTHERN COPPER 175.80 ▲ 0.79% BUENAVENTURA 30.20 ▲ 2.20% MERCADOLIBRE 1,861 ▲ 2.95% NUBANK 13.83 ▲ 1.13% XP 16.96 ▲ 3.32% PAGSEGURO 9.29 ▲ 3.17% STONE 11.18 ▲ 2.01% GLOBANT 30.15 ▼ 3.65% TECNOGLASS 43.96 ▲ 1.90% GAP AIRPORT 234.39 ▼ 0.03% ASUR 285.81 ▲ 0.78% OMA AIRPORT 107.77 ▼ 0.52% AMX ADR 26.28 ▲ 1.70% FEMSA ADR 127.96 ▲ 0.75% CEMEX ADR 12.57 ▲ 1.58% PETROBRAS ADR 17.14 ▲ 0.65% VALE ADR 14.53 ▲ 2.18% ITAU ADR 8.55 ▲ 3.26% SANTANDER BR 5.37 ▲ 4.47% AMBEV ADR 3.09 ▲ 1.48% CSN 1.01 ▲ 5.79% GERDAU 4.51 ▲ 2.27% LATAM ADR 56.53 ▼ 0.89% BTC 64,030 ▲ 1.32% ETH 1,793 ▲ 2.75% SOL 78.05 ▲ 0.01% XRP 1.10 ▲ 0.86% BNB 575.02 ▲ 1.15% ADA 0.17 ▲ 0.05% DOGE 0.07 ▲ 1.81% AVAX 6.75 ▲ 1.00% LINK 7.93 ▲ 2.61% DOT 0.87 ▲ 5.81% LTC 44.68 ▲ 2.09% BCH 248.65 ▲ 4.57% TRX 0.33 ▼ 0.39% XLM 0.19 ▲ 1.30% HBAR 0.07 ▲ 0.67% NEAR 1.90 ▼ 0.86% ATOM 1.58 ▲ 1.88% AAVE 95.06 ▲ 4.17% SELIC 14.25% EMBRAER 84.93 ▲ 1.28% EMBRAER ADR 66.53 ▲ 1.51% JBS 11.91 ▲ 1.49% JBS BDR 60.66 ▲ 1.02% MBRF3 15.78 ▲ 2.40% MBRFY 3.03 ▲ 1.00% INTER 5.83 ▲ 2.01% EGX 52,312 ▲ 0.54% USD/ZAR16.30▼ 0.18% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.39▼ 0.61% USD/CNY6.76▼ 0.42% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD1.14▲ 0.09% GBP/USD1.34▲ 0.16% SPX 7,556 ▲ 0.16% DJI 52,593 ▲ 0.20% NDX 29,741 ▲ 0.05% RUT 2,970 ▼ 0.76% TSX 35,267 ▲ 0.19% VIX 15.56 ▼ 1.77% USD/CAD1.41▼ 0.30% US10Y 4.5450 ▲ 0.13% IBOV 176,530 ▲ 2.19% IPSA 10,989 ▼ 0.33% IPC MEX 66,608 ▲ 0.76% MERVAL 3,224,506 ▲ 0.69% COLCAP 2,294.61 ▲ 0.08% BVL PERÚ 56,194.27 ▲ 1.18% USD/BRL 5.10 ▼ 0.29% USD/MXN 17.48 ▼ 0.41% USD/CLP 922.26 ▼ 0.59% USD/COP 3,238 ▼ 3.15% USD/PEN 3.39 ▼ 0.20% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.84 ▼ 0.98% BRENT 75.71 ▼ 0.77% WTI 71.24 ▼ 1.17% IRON ORE 161.91 — — COPPER 6.29 ▲ 1.17% GOLD 4,121 ▼ 0.24% SILVER 60.34 ▼ 0.06% SOY 1,189 ▲ 0.78% CORN 457.50 ▲ 6.95% WHEAT 641.75 ▲ 4.99% COFFEE 332.65 ▼ 6.81% SUGAR 14.84 ▼ 1.85% ORANGE JUICE 149.90 — 0.00% COTTON 80.87 ▲ 6.18% COCOA 5,992 ▼ 5.02% BEEF 234.73 ▼ 0.22% CATTLE 354.78 ▼ 0.39% LITHIUM 72.27 ▼ 0.76% PETR4 39.45 ▲ 0.61% VALE3 74.34 ▲ 1.63% ITUB4 43.66 ▲ 2.51% BBDC4 18.56 ▲ 3.11% ABEV3 15.85 ▲ 0.83% BBAS3 20.39 ▲ 1.95% B3SA3 15.41 ▲ 4.19% WEGE3 46.48 ▲ 1.62% PRIO3 55.18 ▼ 0.77% SUZB3 41.50 ▲ 1.15% RENT3 40.45 ▲ 2.67% AZZA3 19.08 ▲ 3.36% CSAN3 4.00 ▲ 3.63% RAIZ4 0.37 — 0.00% PCAR3 2.77 ▲ 0.36% GMAT3 3.97 ▲ 1.02% PSSA3 54.04 ▲ 1.29% CVCB3 1.26 ▲ 0.80% POSI3 3.95 ▲ 2.60% SLCE3 13.94 ▲ 1.09% NATU3 8.57 ▲ 1.30% BRKM5 6.51 ▲ 2.36% RANI3 7.97 ▲ 1.40% CSNA3 5.12 ▲ 6.67% CMIN3 5.08 ▲ 5.18% USIM5 8.46 ▲ 1.32% GGBR4 22.95 ▲ 2.09% ENEV3 27.05 ▲ 3.24% CPFE3 47.41 ▲ 2.42% CMIG4 11.31 ▲ 2.08% EQTL3 40.66 ▲ 2.91% LREN3 14.74 ▲ 4.17% VIVT3 35.44 ▲ 2.72% RAIL3 13.97 ▲ 1.60% KLABIN 17.47 ▲ 0.40% RAIA DROGASIL 18.78 ▲ 3.59% RDOR3 35.94 ▲ 2.25% HAPV3 10.56 ▲ 4.87% FLRY3 16.27 ▲ 3.30% SMTO3 15.91 ▼ 0.87% UGPA3 30.54 ▲ 1.46% VBBR3 32.58 ▲ 1.50% BBSE3 39.84 ▲ 1.43% BPAC11 57.38 ▲ 3.05% CURY3 33.80 ▲ 3.36% AERI3 2.08 ▲ 0.97% VIVARA 23.34 ▲ 3.37% COMPASS 25.08 ▲ 1.62% VAMOS 3.04 ▲ 2.70% SANB11 27.17 ▲ 3.50% ASAI3 8.80 ▲ 4.02% SBSP3 30.86 ▲ 2.87% WALMEX 49.28 ▲ 0.53% GMEXICO 198.00 ▲ 1.36% FEMSA 223.61 ▲ 0.56% CEMEX 21.97 ▲ 1.20% GFNORTE 188.09 ▲ 1.48% BIMBO 56.18 ▲ 0.45% TELEVISA 9.61 ▲ 1.26% AMX 23.02 ▲ 1.68% GAP 410.00 ▼ 0.90% ASUR 285.81 ▲ 0.78% OMA 236.04 ▼ 0.82% KOF 182.52 ▲ 0.90% GRUMA 285.30 ▲ 0.96% KIMBER 38.30 ▼ 0.36% SQM-B 67,383 ▼ 2.48% COPEC 6,040 ▲ 0.33% BSANTANDER 78.30 ▲ 1.03% FALABELLA 5,869 ▲ 0.30% ENELAM 84.61 ▲ 0.53% CENCOSUD 2,028 ▼ 1.39% CMPC 1,115 ▲ 1.85% BANCO CHILE 188.00 ▲ 0.53% LATAM AIR 26.16 ▼ 0.91% YPF 74,000 ▼ 2.34% GGAL 8,145 ▲ 3.36% PAMPA 5,155 ▼ 0.96% TXAR 664.00 ▼ 0.08% ALUAR 960.50 ▼ 0.83% TGS 9,470 ▲ 1.72% CEPU 2,319 ▲ 0.17% MIRGOR 17,250 ▲ 0.29% COME 45.88 ▲ 1.01% LOMA NEGRA 3,508 ▲ 0.29% BYMA 309.50 ▼ 0.08% TELECOM ARG 4,185 ▲ 1.58% ECOPETROL 15.44 ▲ 0.32% BANCOLOMBIA 82.97 ▲ 2.52% GRUPO AVAL 5.07 ▲ 0.99% CREDICORP 399.76 ▲ 2.00% SOUTHERN COPPER 175.80 ▲ 0.79% BUENAVENTURA 30.20 ▲ 2.20% MERCADOLIBRE 1,861 ▲ 2.95% NUBANK 13.83 ▲ 1.13% XP 16.96 ▲ 3.32% PAGSEGURO 9.29 ▲ 3.17% STONE 11.18 ▲ 2.01% GLOBANT 30.15 ▼ 3.65% TECNOGLASS 43.96 ▲ 1.90% GAP AIRPORT 234.39 ▼ 0.03% ASUR 285.81 ▲ 0.78% OMA AIRPORT 107.77 ▼ 0.52% AMX ADR 26.28 ▲ 1.70% FEMSA ADR 127.96 ▲ 0.75% CEMEX ADR 12.57 ▲ 1.58% PETROBRAS ADR 17.14 ▲ 0.65% VALE ADR 14.53 ▲ 2.18% ITAU ADR 8.55 ▲ 3.26% SANTANDER BR 5.37 ▲ 4.47% AMBEV ADR 3.09 ▲ 1.48% CSN 1.01 ▲ 5.79% GERDAU 4.51 ▲ 2.27% LATAM ADR 56.53 ▼ 0.89% BTC 64,030 ▲ 1.32% ETH 1,793 ▲ 2.75% SOL 78.05 ▲ 0.01% XRP 1.10 ▲ 0.86% BNB 575.02 ▲ 1.15% ADA 0.17 ▲ 0.05% DOGE 0.07 ▲ 1.81% AVAX 6.75 ▲ 1.00% LINK 7.93 ▲ 2.61% DOT 0.87 ▲ 5.81% LTC 44.68 ▲ 2.09% BCH 248.65 ▲ 4.57% TRX 0.33 ▼ 0.39% XLM 0.19 ▲ 1.30% HBAR 0.07 ▲ 0.67% NEAR 1.90 ▼ 0.86% ATOM 1.58 ▲ 1.88% AAVE 95.06 ▲ 4.17% SELIC 14.25% EMBRAER 84.93 ▲ 1.28% EMBRAER ADR 66.53 ▲ 1.51% JBS 11.91 ▲ 1.49% JBS BDR 60.66 ▲ 1.02% MBRF3 15.78 ▲ 2.40% MBRFY 3.03 ▲ 1.00% INTER 5.83 ▲ 2.01% EGX 52,312 ▲ 0.54% USD/ZAR 16.29 ▼ 0.12% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.30 ▼ 0.65% USD/CNY 6.7644 ▼ 0.40% DAX 25,067 ▼ 0.20% CAC 8,339 ▲ 0.15% FTSE 10,497 ▲ 0.24% MIB 52,614 ▲ 0.44% IBEX 19,385 ▲ 0.32% STOXX 641.10 ▲ 0.04% EUR/USD 1.1442 ▲ 0.07% GBP/USD 1.3421 ▲ 0.13% SPX 7,556 ▲ 0.16% DJI 52,593 ▲ 0.20% NDX 29,741 ▲ 0.05% RUT 2,970 ▼ 0.76% TSX 35,267 ▲ 0.19% VIX 15.56 ▼ 1.77% USD/CAD 1.4133 ▼ 0.23% US10Y 4.5450 ▲ 0.13%
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The Curmudgeon on the 2014 Elections (Revised)

By · October 15, 2013 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – In his June 11th column, the Curmudgeon stated: “Elections will be held in October 2014 throughout Brazil… Although that seems like quite a distance away, it is more than clear that the Presidential campaign has already started. There are four quasi-declared candidates, and one undeclared candidate.”

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Four months have now passed, the campaign has begun to heat up and… things have definitely changed. For one thing, protests and demonstrations across the country have reflected drastic changes in the way people view politicians. For another, NSA spying on Brazil’s President and its oil company has had a ripple effect. For yet another, new political parties have been founded — or not founded.

Some things haven’t changed much. The front-runner for President is still the incumbent, Dilma Rousseff; former President Lula continues to deny he’s a candidate at all; Aécio Neves, Eduardo Campos and Marina Silva are still running; and now José Serra has thrown his hat in the ring.

A cartoon brilliantly depicts the current situation — a combination of a three-legged race and a sack race. In one sack (PT) are Dilma and Lula; in another (PSDB) are Aécio and Serra; and in the third (PSB) are Marina and Campos. In short, as of today, the three political parties fielding presidential candidates have not decided who their candidate will be.

The protests affected the situation in two main ways. Protesters claimed that most political parties don’t represent them, so Dilma and PT’s popularity plummeted, as did that of Aécio and Campos. But, like a phoenix, up in the polls rose Marina Silva, then affiliated to no party, the darling of dissatisfied demonstrators.

The NSA spying scandal had a reverse effect. Dilma “postponed” her state visit to Washington, a decided snub to President Obama and the U.S. The postponement received the approval of over ninety percent of the Brazilian population, if polls are to believed, because Dilma stood up to the Yankee Imperialist. That brought her poll ratings back up.

The political party kerfuffle has also changed things drastically. As if 29 or 30 registered political parties weren’t enough, three new groups sprang up, all of them choosing not to include the dreaded “P” word (Party, as in political) in their identifying acronym.

Marina’s crowd created “Rede Sustentabilidade” (Sustainability Network); government supporting dissidents of traditional parties created “PROS” (meaning they’re “pro” rather than “contra”); a labor union challenging CUT and PT created “Solidariedade” (thus aping Lech Walesa’s “Solidarnosc”).

The PROS and the Solidarity parties managed to comply with the rules and were registered before October 7th, so they could participate in the 2014 elections. Marina’s “Rede” did not comply; surprisingly, she opted to ally herself with PSB, the party headed by her theoretical rival Campos.

PT’s avowed candidate is Dilma, but if the economy worsens or if the protests continue apace, Lula may well be its candidate. PSDB knows that Aécio’s name recognition is paltry, so has begun flirting with José Serra, defeated by Dilma in 2010 but widely known.

The joker in this reshuffled deck is PSB. Neither Marina Silva nor Eduardo Campos is saying who will be PSB’s presidential candidate. Marina is still far more popular, but she’s lost some ground among the true believers because she’s now affiliated with a Party with a Capital “P”.

There’s still almost one year to go, things will change still more.

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