IBOV 175,546.36 ▼ 1.23% IPSA 11,275.15 ▲ 1.05% IPC MEX 66,396.15 ▼ 0.19% MERVAL 3,100,732 ▼ 1.76% COLCAP 2,350.44 ▲ 0.24% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL5.10▼ 0.18% USD/MXN17.16▼ 0.39% USD/CLP915.30▼ 0.06% USD/COP3,152▼ 0.93% USD/PEN3.38▲ 0.15% USD/ARS1,500▼ 0.02% USD/UYU40.24▲ 1.43% USD/PYG5,919▲ 1.21% USD/BOB11.81▼ 1.30% USD/DOP58.22▲ 0.38% USD/CRC449.80▲ 1.96% USD/GTQ7.62▲ 2.32% USD/HNL26.78▲ 0.64% USD/NIO36.62▲ 0.75% USD/VES754.82▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.89▲ 0.39% USD/TTD6.68▲ 0.41% EUR/BRL5.88▼ 0.84% BRENT 82.14 ▼ 0.42% WTI 77.15 ▼ 0.18% IRON ORE 161.91 — — COPPER 6.68 ▼ 0.07% GOLD 4,372 ▲ 3.06% SILVER 64.64 ▲ 5.21% SOY 1,183 ▲ 2.18% CORN 465.25 ▲ 5.98% WHEAT 634.25 ▲ 0.48% COFFEE 324.50 ▲ 0.89% SUGAR 15.78 ▲ 1.35% ORANGE JUICE 152.55 ▼ 3.27% COTTON 82.61 ▲ 0.79% COCOA 5,753 ▼ 0.40% BEEF 225.20 ▼ 3.83% CATTLE 341.75 ▼ 3.28% LITHIUM 72.41 ▼ 0.33% PETR4 42.13 ▲ 0.48% VALE3 75.39 ▼ 1.66% ITUB4 41.83 ▼ 1.30% BBDC4 17.70 ▼ 1.94% ABEV3 15.66 ▼ 1.14% BBAS3 20.28 ▼ 3.66% B3SA3 15.36 ▼ 1.22% WEGE3 48.40 ▼ 0.82% PRIO3 58.61 ▼ 1.00% SUZB3 41.97 ▼ 2.03% RENT3 38.16 ▼ 2.65% AZZA3 16.19 ▲ 1.44% CSAN3 3.79 ▼ 3.07% RAIZ4 0.26 — 0.00% PCAR3 2.90 ▼ 1.36% GMAT3 3.82 ▼ 1.80% PSSA3 52.65 ▼ 1.55% CVCB3 1.51 ▼ 2.58% POSI3 3.48 ▲ 0.58% SLCE3 13.21 ▼ 2.22% NATU3 8.18 ▼ 1.45% BRKM5 6.05 ▲ 3.07% RANI3 8.31 ▼ 0.95% CSNA3 4.74 ▼ 3.07% CMIN3 5.75 ▼ 2.54% USIM5 7.19 ▼ 3.62% GGBR4 25.65 ▼ 2.51% ENEV3 26.60 ▼ 1.41% CPFE3 45.85 ▼ 0.52% CMIG4 11.11 ▼ 1.24% EQTL3 38.43 ▼ 1.91% LREN3 13.48 ▼ 1.39% VIVT3 30.89 ▼ 1.03% RAIL3 13.71 ▼ 2.00% KLABIN 18.02 ▼ 3.33% RAIA DROGASIL 20.12 ▼ 2.09% RDOR3 34.06 ▼ 1.13% HAPV3 11.13 ▲ 0.18% FLRY3 17.27 ▼ 0.52% SMTO3 14.69 ▲ 2.73% UGPA3 32.75 ▲ 1.05% VBBR3 35.05 ▼ 0.11% BBSE3 40.96 ▼ 1.70% BPAC11 56.20 ▼ 1.07% CURY3 31.53 ▼ 1.56% AERI3 2.29 ▼ 0.43% VIVARA 21.81 ▼ 2.15% COMPASS 23.32 ▼ 3.72% VAMOS 3.11 ▼ 6.33% SANB11 29.27 ▼ 0.71% ASAI3 8.49 ▼ 3.85% SBSP3 27.39 ▼ 1.15% WALMEX 49.01 ▲ 0.99% GMEXICO 219.13 ▼ 1.46% FEMSA 210.07 ▼ 2.01% CEMEX 19.48 ▼ 2.40% GFNORTE 199.00 ▲ 0.04% BIMBO 60.64 ▼ 0.85% TELEVISA 9.80 ▲ 2.94% AMX 20.62 ▼ 0.82% GAP 382.00 ▲ 2.03% ASUR 277.72 ▲ 1.76% OMA 237.70 ▲ 0.68% KOF 188.00 ▲ 0.42% GRUMA 253.56 ▼ 1.37% KIMBER 40.15 ▼ 0.02% SQM-B 66,300 ▲ 3.67% COPEC 6,200 ▼ 1.40% BSANTANDER 81.06 ▲ 1.07% FALABELLA 6,400 ▲ 0.85% ENELAM 87.61 ▲ 0.64% CENCOSUD 2,060 ▲ 1.99% CMPC 1,030 ▼ 0.01% BANCO CHILE 191.70 ▲ 0.78% LATAM AIR 26.35 ▼ 0.11% YPF 7,840 ▲ 2.02% GGAL 7,385 ▼ 3.34% PAMPA 5,215 ▼ 1.79% TXAR 680.00 ▼ 0.15% ALUAR 931.00 ▼ 0.96% TGS 9,205 ▼ 0.43% CEPU 2,189 ▼ 3.27% MIRGOR 1,625 ▲ 0.31% COME 41.20 ▼ 0.60% LOMA NEGRA 3,393 ▼ 3.00% BYMA 290.00 ▲ 0.52% TELECOM ARG 4,345 ▲ 0.23% ECOPETROL 17.40 ▲ 6.16% BANCOLOMBIA 90.25 ▲ 0.12% GRUPO AVAL 5.11 ▼ 3.58% CREDICORP 392.56 ▼ 0.59% SOUTHERN COPPER 193.03 ▼ 2.02% BUENAVENTURA 32.57 ▼ 1.30% MERCADOLIBRE 1,830 ▼ 4.81% NUBANK 14.12 ▼ 2.49% XP 16.68 ▼ 1.77% PAGSEGURO 9.36 ▼ 0.43% STONE 11.08 ▼ 0.81% GLOBANT 37.24 ▼ 2.97% TECNOGLASS 44.47 ▼ 6.87% GAP AIRPORT 222.11 ▲ 2.11% ASUR 277.72 ▲ 1.76% OMA AIRPORT 111.21 ▲ 1.46% AMX ADR 23.91 ▼ 0.46% FEMSA ADR 122.15 ▼ 1.79% CEMEX ADR 11.30 ▼ 2.16% PETROBRAS ADR 18.52 ▲ 0.87% VALE ADR 14.72 ▼ 1.47% ITAU ADR 8.18 ▼ 0.37% SANTANDER BR 5.79 ▼ 0.09% AMBEV ADR 3.01 ▼ 0.66% CSN 0.94 ▼ 3.84% GERDAU 5.05 ▼ 1.83% LATAM ADR 57.45 ▼ 0.43% BTC 64,836 ▲ 0.89% ETH 1,913 ▲ 0.56% SOL 73.53 ▲ 1.31% XRP 1.04 ▲ 0.14% BNB 590.27 ▼ 0.23% ADA 0.20 ▲ 0.58% DOGE 0.07 ▲ 0.73% AVAX 6.45 ▲ 0.29% LINK 8.22 ▲ 0.51% DOT 0.81 ▼ 0.90% LTC 45.77 ▲ 0.81% BCH 215.85 ▲ 1.58% TRX 0.33 ▼ 0.04% XLM 0.16 ▲ 0.38% HBAR 0.07 ▲ 0.49% NEAR 1.66 ▲ 0.39% ATOM 1.35 ▼ 0.04% AAVE 90.19 ▲ 0.67% SELIC 14.00% EMBRAER 91.65 ▼ 1.46% EMBRAER ADR 71.93 ▼ 1.17% JBS 13.69 ▼ 0.07% JBS BDR 69.90 ▼ 0.91% MBRF3 16.46 ▼ 1.85% MBRFY 3.24 ▲ 3.85% INTER 5.72 ▲ 0.18% IBOV 175,546.36 ▼ 1.23% IPSA 11,275.15 ▲ 1.05% IPC MEX 66,396.15 ▼ 0.19% MERVAL 3,100,732 ▼ 1.76% COLCAP 2,350.44 ▲ 0.24% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL 5.10 ▼ 0.18% USD/MXN 17.16 ▼ 0.39% USD/CLP 915.30 ▼ 0.06% USD/COP 3,151 ▼ 0.95% USD/PEN 3.38 ▲ 0.15% USD/ARS 1,500 ▼ 0.02% USD/UYU 40.24 ▲ 1.43% USD/PYG 5,919 ▲ 1.21% USD/BOB 11.81 ▼ 1.30% USD/DOP 58.22 ▲ 0.38% USD/CRC 449.80 ▲ 1.97% USD/GTQ 7.62 ▲ 2.32% USD/HNL 26.78 ▲ 0.64% USD/NIO 36.62 ▲ 0.75% USD/VES 754.82 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.89 ▲ 0.39% USD/TTD 6.68 ▲ 0.41% EUR/BRL 5.88 ▼ 0.84% BRENT 82.14 ▼ 0.42% WTI 77.15 ▼ 0.18% IRON ORE 161.91 — — COPPER 6.68 ▼ 0.07% GOLD 4,372 ▲ 3.06% SILVER 64.64 ▲ 5.21% SOY 1,183 ▲ 2.18% CORN 465.25 ▲ 5.98% WHEAT 634.25 ▲ 0.48% COFFEE 324.50 ▲ 0.89% SUGAR 15.78 ▲ 1.35% ORANGE JUICE 152.55 ▼ 3.27% COTTON 82.61 ▲ 0.79% COCOA 5,753 ▼ 0.40% BEEF 225.20 ▼ 3.83% CATTLE 341.75 ▼ 3.28% LITHIUM 72.41 ▼ 0.33% PETR4 42.13 ▲ 0.48% VALE3 75.39 ▼ 1.66% ITUB4 41.83 ▼ 1.30% BBDC4 17.70 ▼ 1.94% ABEV3 15.66 ▼ 1.14% BBAS3 20.28 ▼ 3.66% B3SA3 15.36 ▼ 1.22% WEGE3 48.40 ▼ 0.82% PRIO3 58.61 ▼ 1.00% SUZB3 41.97 ▼ 2.03% RENT3 38.16 ▼ 2.65% AZZA3 16.19 ▲ 1.44% CSAN3 3.79 ▼ 3.07% RAIZ4 0.26 — 0.00% PCAR3 2.90 ▼ 1.36% GMAT3 3.82 ▼ 1.80% PSSA3 52.65 ▼ 1.55% CVCB3 1.51 ▼ 2.58% POSI3 3.48 ▲ 0.58% SLCE3 13.21 ▼ 2.22% NATU3 8.18 ▼ 1.45% BRKM5 6.05 ▲ 3.07% RANI3 8.31 ▼ 0.95% CSNA3 4.74 ▼ 3.07% CMIN3 5.75 ▼ 2.54% USIM5 7.19 ▼ 3.62% GGBR4 25.65 ▼ 2.51% ENEV3 26.60 ▼ 1.41% CPFE3 45.85 ▼ 0.52% CMIG4 11.11 ▼ 1.24% EQTL3 38.43 ▼ 1.91% LREN3 13.48 ▼ 1.39% VIVT3 30.89 ▼ 1.03% RAIL3 13.71 ▼ 2.00% KLABIN 18.02 ▼ 3.33% RAIA DROGASIL 20.12 ▼ 2.09% RDOR3 34.06 ▼ 1.13% HAPV3 11.13 ▲ 0.18% FLRY3 17.27 ▼ 0.52% SMTO3 14.69 ▲ 2.73% UGPA3 32.75 ▲ 1.05% VBBR3 35.05 ▼ 0.11% BBSE3 40.96 ▼ 1.70% BPAC11 56.20 ▼ 1.07% CURY3 31.53 ▼ 1.56% AERI3 2.29 ▼ 0.43% VIVARA 21.81 ▼ 2.15% COMPASS 23.32 ▼ 3.72% VAMOS 3.11 ▼ 6.33% SANB11 29.27 ▼ 0.71% ASAI3 8.49 ▼ 3.85% SBSP3 27.39 ▼ 1.15% WALMEX 49.01 ▲ 0.99% GMEXICO 219.13 ▼ 1.46% FEMSA 210.07 ▼ 2.01% CEMEX 19.48 ▼ 2.40% GFNORTE 199.00 ▲ 0.04% BIMBO 60.64 ▼ 0.85% TELEVISA 9.80 ▲ 2.94% AMX 20.62 ▼ 0.82% GAP 382.00 ▲ 2.03% ASUR 277.72 ▲ 1.76% OMA 237.70 ▲ 0.68% KOF 188.00 ▲ 0.42% GRUMA 253.56 ▼ 1.37% KIMBER 40.15 ▼ 0.02% SQM-B 66,300 ▲ 3.67% COPEC 6,200 ▼ 1.40% BSANTANDER 81.06 ▲ 1.07% FALABELLA 6,400 ▲ 0.85% ENELAM 87.61 ▲ 0.64% CENCOSUD 2,060 ▲ 1.99% CMPC 1,030 ▼ 0.01% BANCO CHILE 191.70 ▲ 0.78% LATAM AIR 26.35 ▼ 0.11% YPF 7,840 ▲ 2.02% GGAL 7,385 ▼ 3.34% PAMPA 5,215 ▼ 1.79% TXAR 680.00 ▼ 0.15% ALUAR 931.00 ▼ 0.96% TGS 9,205 ▼ 0.43% CEPU 2,189 ▼ 3.27% MIRGOR 1,625 ▲ 0.31% COME 41.20 ▼ 0.60% LOMA NEGRA 3,393 ▼ 3.00% BYMA 290.00 ▲ 0.52% TELECOM ARG 4,345 ▲ 0.23% ECOPETROL 17.40 ▲ 6.16% BANCOLOMBIA 90.25 ▲ 0.12% GRUPO AVAL 5.11 ▼ 3.58% CREDICORP 392.56 ▼ 0.59% SOUTHERN COPPER 193.03 ▼ 2.02% BUENAVENTURA 32.57 ▼ 1.30% MERCADOLIBRE 1,830 ▼ 4.81% NUBANK 14.12 ▼ 2.49% XP 16.68 ▼ 1.77% PAGSEGURO 9.36 ▼ 0.43% STONE 11.08 ▼ 0.81% GLOBANT 37.24 ▼ 2.97% TECNOGLASS 44.47 ▼ 6.87% GAP AIRPORT 222.11 ▲ 2.11% ASUR 277.72 ▲ 1.76% OMA AIRPORT 111.21 ▲ 1.46% AMX ADR 23.91 ▼ 0.46% FEMSA ADR 122.15 ▼ 1.79% CEMEX ADR 11.30 ▼ 2.16% PETROBRAS ADR 18.52 ▲ 0.87% VALE ADR 14.72 ▼ 1.47% ITAU ADR 8.18 ▼ 0.37% SANTANDER BR 5.79 ▼ 0.09% AMBEV ADR 3.01 ▼ 0.66% CSN 0.94 ▼ 3.84% GERDAU 5.05 ▼ 1.83% LATAM ADR 57.45 ▼ 0.43% BTC 64,836 ▲ 0.89% ETH 1,913 ▲ 0.56% SOL 73.53 ▲ 1.31% XRP 1.04 ▲ 0.14% BNB 590.27 ▼ 0.23% ADA 0.20 ▲ 0.58% DOGE 0.07 ▲ 0.73% AVAX 6.45 ▲ 0.29% LINK 8.22 ▲ 0.51% DOT 0.81 ▼ 0.90% LTC 45.77 ▲ 0.81% BCH 215.85 ▲ 1.58% TRX 0.33 ▼ 0.04% XLM 0.16 ▲ 0.38% HBAR 0.07 ▲ 0.49% NEAR 1.66 ▲ 0.39% ATOM 1.35 ▼ 0.04% AAVE 90.19 ▲ 0.67% SELIC 14.00% EMBRAER 91.65 ▼ 1.46% EMBRAER ADR 71.93 ▼ 1.17% JBS 13.69 ▼ 0.07% JBS BDR 69.90 ▼ 0.91% MBRF3 16.46 ▼ 1.85% MBRFY 3.24 ▲ 3.85% INTER 5.72 ▲ 0.18%
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Opinion: Curmudgeons Day

By · January 31, 2016 · 3 min read

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Opinion by Michael Royster

RIO DE JANEIRO, BRAZIL – The Curmudgeon was surprised yesterday to learn, from a friend, that January 29th was, at least in some quarters unknown to his person, “Curmudgeons Day”. (Please don’t ask where the apostrophe should be placed, or if there even should be an apostrophe, that’s why editors were created.)

The Curmudgeon, aka Michael Royster.
The Curmudgeon, aka Michael Royster.
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Anyway, Curmudgeons are supposed to be grouchy, grumpy, grinchy and yet grandfatherly, willing to steal Christmas, but in a nice way. Look left if you disbelieve.

The Curmudgeon who now has stylus on papyrus, finds it very strange that his own sort of being a Cur, a Mudge and Only, has somehow been transmogrified into a cause célèbre occasioning celebration among (hopefully very few) non-Curmudgeonly persons.

But back to business. The Curmudgeon who now has stylus on papyrus (ya gotta buhleeve!) says that there is lots to be grouchy about.

For instance, the “Conselhão”, created by Lula in 2003, was supposed to be (ya gotta buhleeve!) a voice where ordinary billionaires and sports and entertainment figures and wannabe millionaires (like Lula’s kids and the student union and homeless people leaders) would all get together to listen to Lula and Dilma spout the same mendacious drivel they’d been purveying during their election campaigns.

But there’s one difference — the great and the near great who were invited to this savoD (that’s Davos spelt backwards) would be paid to applaud. And applaud they did, almost unanimously, because dissenting voices were hustled quietly out the back door, whereas lucrative Government contracts were awarded to those who applauded, usually without the inconvenience of an impartial bidding procedure.

Dilma, to her credit, has never been a publicity hound, and, to her discredit, believes she knows more than all of the assembled grandees gathered together; hence she looked askance on all this applause. Perhaps she knew it wasn’t for her, but rather for her puppet master Lula, pulling strings (as always) behind her (and everyone else’s) back.

In any event, the Conselhão lay fallow, members licking their wounds (“Why hasn’t Globo interviewed me this month, what have I done wrong?”). But on Thursday January 28, the “Presidenta” summoned the great and the near great and the wannabe great to come to Brasília to … in her words … debate the restoration of Brazil’s traditional grandeur.

Needless to say, no one was fooled. The sycophant military-industrial complex (denounced by USA President Eisenhower in the early 1960’s, but ignored in Brazil because no one understood English) appeared en masse, together with the usual “poor” sycophants such as leaders of “students”, “homeless” and “workers”, all of whom “earn” salaries more that ten (hundred?) times the people they claim to represent. (They deny this but “Everybody lies” said Dr. House.)

So, the Conselhão happened on Thursday and the biggest reaction on Friday (Curmudgeons Day, lest ye forget) was a slack-jawed “yawwnnn!” The government graciously allowed the “non-government” spokespersons to squawk first, which put most people to sleep, and then hauled out its own somniferous pseudo scientists, who succeeded in inducing a comatose state in those few who had remained awake.

Why is the Curmudgeon not surprised?

The Curmudgeon still believes that someone in Brazil will propose something to help the Brazilian people. He’s lived here almost forty years and it hasn’t happened yet. Any self-respecting Curmudgeon would resign his post as a sinecure.

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