Tag Archives: impeachment

How the markets now run Brazil …

… with or without Henrique Meirelles. Brazil’s democracy has added a new feature in the last few years: people can vote for a president, but the markets retain the right to deploy an ‘impeachment put’ if that president is messing … Continue reading

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Was Brazil’s crash an opportunity or the end of a bull run?

Bargain hunters came into the market for shares in the Brazilian banks at the end of last week as investors bought the crash that immediately followed a scandal that threatens to end Michel Temer’s presidency. However, while the subsequent recovery … Continue reading

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Who really kicked Dilma out?

The decision by the Brazilian congress to authorise the impeachment trail of President Dilma Rousseff appears to have been largely priced-in. This follows a huge rally in Brazilian financial assets in 2016 as the possibility of impeachment grew, with the Ibovespa … Continue reading

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