IBOV 173,871.39 ▼ 1.22% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL5.10▲ 0.46% USD/MXN17.45▲ 0.34% USD/CLP927.20▲ 0.13% USD/COP3,204▼ 1.71% USD/PEN3.39▲ 0.24% USD/ARS1,474▼ 0.14% USD/UYU40.18▲ 1.21% USD/PYG6,030▲ 1.35% USD/BOB10.63▲ 3.73% USD/DOP58.14▼ 0.19% USD/CRC447.87▲ 1.07% USD/GTQ7.62▲ 2.25% USD/HNL26.73▲ 0.09% USD/NIO36.62▲ 0.34% USD/VES725.63▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.48▲ 0.31% USD/TTD6.75▲ 1.34% EUR/BRL5.84▲ 0.51% BRENT 85.11 ▲ 0.19% WTI 79.82 ▲ 0.28% IRON ORE 161.91 — — COPPER 6.37 ▲ 1.15% GOLD 4,009 ▼ 0.86% SILVER 56.52 ▼ 1.03% SOY 1,200 ▼ 0.23% CORN 465.75 ▲ 4.08% WHEAT 681.00 ▲ 0.52% COFFEE 313.80 ▼ 6.17% SUGAR 14.43 ▼ 2.83% ORANGE JUICE 136.60 ▼ 1.62% COTTON 79.83 ▼ 0.91% COCOA 5,539 ▼ 3.45% BEEF 223.45 ▼ 2.90% CATTLE 346.13 ▼ 1.09% LITHIUM 69.39 ▼ 2.35% PETR4 40.60 ▲ 0.02% VALE3 73.21 ▼ 1.74% ITUB4 42.80 ▼ 0.79% BBDC4 18.41 ▼ 1.02% ABEV3 15.57 — 0.00% BBAS3 20.63 ▲ 0.39% B3SA3 15.45 ▼ 1.53% WEGE3 43.94 ▼ 0.72% PRIO3 57.62 ▲ 0.21% SUZB3 41.74 ▲ 0.63% RENT3 39.61 ▼ 1.83% AZZA3 18.54 ▼ 0.64% CSAN3 3.89 ▼ 1.02% RAIZ4 0.30 ▲ 3.45% PCAR3 2.65 ▲ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 54.80 ▼ 0.76% CVCB3 1.36 ▲ 1.49% POSI3 3.87 ▼ 2.03% SLCE3 13.58 ▲ 0.59% NATU3 8.63 ▼ 0.46% BRKM5 6.21 ▼ 3.12% RANI3 8.01 ▲ 0.38% CSNA3 5.17 ▼ 1.34% CMIN3 5.47 ▲ 4.39% USIM5 8.19 ▼ 0.12% GGBR4 24.28 ▲ 0.33% ENEV3 26.33 ▼ 2.30% CPFE3 46.62 ▼ 0.45% CMIG4 11.00 ▼ 1.35% EQTL3 39.80 ▼ 1.31% LREN3 13.85 ▼ 1.77% VIVT3 35.36 ▼ 0.31% RAIL3 13.93 ▼ 1.00% KLABIN 17.46 ▲ 0.40% RAIA DROGASIL 18.66 ▼ 0.05% RDOR3 35.70 ▼ 0.86% HAPV3 10.88 ▼ 1.00% FLRY3 16.34 ▼ 1.03% SMTO3 15.54 ▲ 0.06% UGPA3 31.70 ▲ 1.93% VBBR3 34.38 ▲ 1.87% BBSE3 41.13 ▲ 1.03% BPAC11 56.76 ▼ 0.49% CURY3 32.14 ▼ 1.80% AERI3 2.02 — 0.00% VIVARA 23.40 ▼ 0.51% COMPASS 24.96 ▼ 0.60% VAMOS 3.15 ▲ 0.96% SANB11 26.78 ▼ 0.81% ASAI3 8.60 ▼ 0.69% SBSP3 29.63 ▼ 1.17% WALMEX 49.70 — 0.00% GMEXICO 201.21 ▲ 0.50% FEMSA 225.98 ▲ 1.38% CEMEX 22.91 ▲ 1.28% GFNORTE 181.47 ▼ 1.08% BIMBO 59.07 ▲ 2.69% TELEVISA 9.57 ▲ 0.10% AMX 22.82 ▲ 0.09% GAP 395.07 ▼ 0.50% ASUR 282.61 ▼ 0.30% OMA 236.82 ▲ 0.69% KOF 180.29 ▲ 1.88% GRUMA 284.89 ▲ 1.26% KIMBER 38.75 ▲ 0.23% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,900 ▲ 0.45% GGAL 8,055 ▼ 1.83% PAMPA 5,160 ▼ 1.53% TXAR 666.00 ▼ 0.75% ALUAR 950.50 ▼ 0.94% TGS 9,555 ▼ 2.00% CEPU 2,310 ▼ 1.45% MIRGOR 16,600 ▼ 2.21% COME 45.29 ▼ 0.75% LOMA NEGRA 3,598 ▼ 0.42% BYMA 302.00 ▼ 0.66% TELECOM ARG 4,255 ▼ 1.39% ECOPETROL 15.74 ▼ 1.51% BANCOLOMBIA 80.33 ▼ 1.50% GRUPO AVAL 5.02 ▼ 0.20% CREDICORP 395.45 ▼ 0.69% SOUTHERN COPPER 179.44 ▼ 1.16% BUENAVENTURA 30.11 ▼ 1.95% MERCADOLIBRE 1,865 ▲ 1.18% NUBANK 13.91 ▲ 0.22% XP 16.71 ▼ 0.98% PAGSEGURO 9.24 ▲ 0.27% STONE 11.27 ▼ 0.09% GLOBANT 32.02 ▲ 0.13% TECNOGLASS 46.72 ▲ 2.30% GAP AIRPORT 226.67 ▼ 0.50% ASUR 282.61 ▼ 0.30% OMA AIRPORT 108.37 ▲ 0.44% AMX ADR 26.15 ▲ 0.15% FEMSA ADR 129.60 ▲ 0.64% CEMEX ADR 13.13 ▲ 0.42% PETROBRAS ADR 17.70 ▼ 0.92% VALE ADR 14.29 ▼ 2.59% ITAU ADR 8.37 ▼ 0.96% SANTANDER BR 5.28 ▼ 1.31% AMBEV ADR 3.04 ▲ 0.17% CSN 1.02 ▼ 0.97% GERDAU 4.79 ▼ 0.31% LATAM ADR 54.40 ▼ 0.86% BTC 64,514 ▼ 0.31% ETH 1,881 ▼ 1.90% SOL 76.41 ▼ 1.11% XRP 1.11 ▼ 0.15% BNB 579.20 ▼ 0.16% ADA 0.16 ▼ 0.73% DOGE 0.07 ▼ 0.71% AVAX 6.62 ▼ 1.14% LINK 8.42 ▼ 1.38% DOT 0.85 ▲ 0.30% LTC 44.86 ▼ 0.58% BCH 222.60 ▼ 0.25% TRX 0.32 ▼ 0.37% XLM 0.19 ▲ 0.64% HBAR 0.07 ▼ 0.57% NEAR 2.07 ▲ 0.05% ATOM 1.53 ▼ 1.58% AAVE 92.71 ▼ 3.26% SELIC 14.25% EMBRAER 82.70 ▲ 0.43% EMBRAER ADR 64.89 ▼ 0.02% JBS 12.13 ▲ 0.27% JBS BDR 61.80 ▲ 0.60% MBRF3 15.24 ▼ 1.04% MBRFY 2.95 ▲ 2.79% INTER 5.49 ▼ 2.31% IBOV 173,871.39 ▼ 1.22% IPSA 10,947.38 ▼ 0.70% IPC MEX 66,409.65 ▼ 0.18% MERVAL 3,249,524 ▼ 1.27% COLCAP 2,268.93 ▼ 1.01% BVL PERÚ 57,112.22 — — USD/BRL 5.10 ▲ 0.46% USD/MXN 17.45 ▲ 0.34% USD/CLP 927.20 ▲ 0.13% USD/COP 3,204 ▼ 1.71% USD/PEN 3.39 ▲ 0.24% USD/ARS 1,474 ▼ 0.14% USD/UYU 40.18 ▲ 1.21% USD/PYG 6,030 ▲ 1.35% USD/BOB 10.63 ▲ 3.73% USD/DOP 58.14 ▼ 0.19% USD/CRC 447.87 ▲ 1.07% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.73 ▲ 0.09% USD/NIO 36.62 ▲ 0.34% USD/VES 725.63 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.48 ▲ 0.31% USD/TTD 6.75 ▲ 1.34% EUR/BRL 5.84 ▲ 0.51% BRENT 85.11 ▲ 0.19% WTI 79.82 ▲ 0.28% IRON ORE 161.91 — — COPPER 6.37 ▲ 1.15% GOLD 4,009 ▼ 0.86% SILVER 56.52 ▼ 1.03% SOY 1,200 ▼ 0.23% CORN 465.75 ▲ 4.08% WHEAT 681.00 ▲ 0.52% COFFEE 313.80 ▼ 6.17% SUGAR 14.43 ▼ 2.83% ORANGE JUICE 136.60 ▼ 1.62% COTTON 79.83 ▼ 0.91% COCOA 5,539 ▼ 3.45% BEEF 223.45 ▼ 2.90% CATTLE 346.13 ▼ 1.09% LITHIUM 69.39 ▼ 2.35% PETR4 40.60 ▲ 0.02% VALE3 73.21 ▼ 1.74% ITUB4 42.80 ▼ 0.79% BBDC4 18.41 ▼ 1.02% ABEV3 15.57 — 0.00% BBAS3 20.63 ▲ 0.39% B3SA3 15.45 ▼ 1.53% WEGE3 43.94 ▼ 0.72% PRIO3 57.62 ▲ 0.21% SUZB3 41.74 ▲ 0.63% RENT3 39.61 ▼ 1.83% AZZA3 18.54 ▼ 0.64% CSAN3 3.89 ▼ 1.02% RAIZ4 0.30 ▲ 3.45% PCAR3 2.65 ▲ 1.15% GMAT3 3.92 ▼ 1.51% PSSA3 54.80 ▼ 0.76% CVCB3 1.36 ▲ 1.49% POSI3 3.87 ▼ 2.03% SLCE3 13.58 ▲ 0.59% NATU3 8.63 ▼ 0.46% BRKM5 6.21 ▼ 3.12% RANI3 8.01 ▲ 0.38% CSNA3 5.17 ▼ 1.34% CMIN3 5.47 ▲ 4.39% USIM5 8.19 ▼ 0.12% GGBR4 24.28 ▲ 0.33% ENEV3 26.33 ▼ 2.30% CPFE3 46.62 ▼ 0.45% CMIG4 11.00 ▼ 1.35% EQTL3 39.80 ▼ 1.31% LREN3 13.85 ▼ 1.77% VIVT3 35.36 ▼ 0.31% RAIL3 13.93 ▼ 1.00% KLABIN 17.46 ▲ 0.40% RAIA DROGASIL 18.66 ▼ 0.05% RDOR3 35.70 ▼ 0.86% HAPV3 10.88 ▼ 1.00% FLRY3 16.34 ▼ 1.03% SMTO3 15.54 ▲ 0.06% UGPA3 31.70 ▲ 1.93% VBBR3 34.38 ▲ 1.87% BBSE3 41.13 ▲ 1.03% BPAC11 56.76 ▼ 0.49% CURY3 32.14 ▼ 1.80% AERI3 2.02 — 0.00% VIVARA 23.40 ▼ 0.51% COMPASS 24.96 ▼ 0.60% VAMOS 3.15 ▲ 0.96% SANB11 26.78 ▼ 0.81% ASAI3 8.60 ▼ 0.69% SBSP3 29.63 ▼ 1.17% WALMEX 49.70 — 0.00% GMEXICO 201.21 ▲ 0.50% FEMSA 225.98 ▲ 1.38% CEMEX 22.91 ▲ 1.28% GFNORTE 181.47 ▼ 1.08% BIMBO 59.07 ▲ 2.69% TELEVISA 9.57 ▲ 0.10% AMX 22.82 ▲ 0.09% GAP 395.07 ▼ 0.50% ASUR 282.61 ▼ 0.30% OMA 236.82 ▲ 0.69% KOF 180.29 ▲ 1.88% GRUMA 284.89 ▲ 1.26% KIMBER 38.75 ▲ 0.23% SQM-B 66,050 ▼ 2.72% COPEC 6,126 ▼ 1.35% BSANTANDER 78.16 ▼ 0.61% FALABELLA 5,853 ▼ 0.37% ENELAM 84.80 ▼ 1.11% CENCOSUD 2,005 ▼ 1.72% CMPC 1,074 ▼ 2.63% BANCO CHILE 188.88 ▼ 0.33% LATAM AIR 25.40 ▲ 2.01% YPF 78,900 ▲ 0.45% GGAL 8,055 ▼ 1.83% PAMPA 5,160 ▼ 1.53% TXAR 666.00 ▼ 0.75% ALUAR 950.50 ▼ 0.94% TGS 9,555 ▼ 2.00% CEPU 2,310 ▼ 1.45% MIRGOR 16,600 ▼ 2.21% COME 45.29 ▼ 0.75% LOMA NEGRA 3,598 ▼ 0.42% BYMA 302.00 ▼ 0.66% TELECOM ARG 4,255 ▼ 1.39% ECOPETROL 15.74 ▼ 1.51% BANCOLOMBIA 80.33 ▼ 1.50% GRUPO AVAL 5.02 ▼ 0.20% CREDICORP 395.45 ▼ 0.69% SOUTHERN COPPER 179.44 ▼ 1.16% BUENAVENTURA 30.11 ▼ 1.95% MERCADOLIBRE 1,865 ▲ 1.18% NUBANK 13.91 ▲ 0.22% XP 16.71 ▼ 0.98% PAGSEGURO 9.24 ▲ 0.27% STONE 11.27 ▼ 0.09% GLOBANT 32.02 ▲ 0.13% TECNOGLASS 46.72 ▲ 2.30% GAP AIRPORT 226.67 ▼ 0.50% ASUR 282.61 ▼ 0.30% OMA AIRPORT 108.37 ▲ 0.44% AMX ADR 26.15 ▲ 0.15% FEMSA ADR 129.60 ▲ 0.64% CEMEX ADR 13.13 ▲ 0.42% PETROBRAS ADR 17.70 ▼ 0.92% VALE ADR 14.29 ▼ 2.59% ITAU ADR 8.37 ▼ 0.96% SANTANDER BR 5.28 ▼ 1.31% AMBEV ADR 3.04 ▲ 0.17% CSN 1.02 ▼ 0.97% GERDAU 4.79 ▼ 0.31% LATAM ADR 54.40 ▼ 0.86% BTC 64,514 ▼ 0.31% ETH 1,881 ▼ 1.90% SOL 76.41 ▼ 1.11% XRP 1.11 ▼ 0.15% BNB 579.20 ▼ 0.16% ADA 0.16 ▼ 0.73% DOGE 0.07 ▼ 0.71% AVAX 6.62 ▼ 1.14% LINK 8.42 ▼ 1.38% DOT 0.85 ▲ 0.30% LTC 44.86 ▼ 0.58% BCH 222.60 ▼ 0.25% TRX 0.32 ▼ 0.37% XLM 0.19 ▲ 0.64% HBAR 0.07 ▼ 0.57% NEAR 2.07 ▲ 0.05% ATOM 1.53 ▼ 1.58% AAVE 92.71 ▼ 3.26% SELIC 14.25% EMBRAER 82.70 ▲ 0.43% EMBRAER ADR 64.89 ▼ 0.02% JBS 12.13 ▲ 0.27% JBS BDR 61.80 ▲ 0.60% MBRF3 15.24 ▼ 1.04% MBRFY 2.95 ▲ 2.79% INTER 5.49 ▼ 2.31%
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Thursday, July 16, 2026

Opinion: The Curmudgeon on 2016 in Brazil

By · December 27, 2015 · 3 min read

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Opinion by Michael Royster

RIO DE JANEIRO, BRAZIL — Everybody likes to do lists this time of year, and the Curmudgeon is no exception. The Crystal Ball has been uncovered, and revealed ten (10) things. Read on.

The Curmudgeon, aka Michael Royster.
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1. Dilma will not be impeached. Recent STF decisions have gutted the powers of the Chamber of Deputies and its leaders in favor of the Senate, where Dilma supporters are in the majority.

2. Dilma will not resign. She is nothing if not stubborn, and she still believes she was cut out to guide Brazil onto the path of “true” socialism. Most of her favorite economic policies do not recognize the Fall of the Wall in 1989, much less the defeats of Chávez and Kirchner.

3. Dilma’s 2014 election victory will not be disallowed by the TSE. That court, which can overturn an election for abuses of power during election campaigns, has far too many judges who feel abuses of power are perfectly normal behaviour for incumbents, hence should not be punishable.

4. Dilma will insist upon implementing the same disastrous economic policies that produced the current debacle: she still thinks problems can be solved by throwing money at them. Dilma will join other populist panderers to scuttle any change in the disastrous social security legislation that allows workers to retire at age fifty on full pay and adjusts pensions by more than the minimum salary increase.

5. Congress, state and municipal legislatures will continue to be the same corrupt slough of despond they have long been, with elected representatives thinking not about the good of the people, but about how to line their own pockets before going to jail.

6. Ambitious Brazilian politicians, unable to find space for themselves in the more than thirty already established political parties, will continue to form new parties, standing for nothing at all other than their founder’s self-aggrandizement. In the meantime, PT and PSDB will see their membership drop, leaving the field to PMDB.

7. Brazil’s economy will continue to grow worse, with both inflation and unemployment staying in double figures all year long. The current recession will deteriorate into a full blown depression in 2016.

8. The U.S. dollar will remain above R$4,00 and may hit R$5,00 as government economists (meaning Dilma) continue to dig after hitting rock bottom. Foreign investment will not grow with that theoretically beneficial scenario, because of Brazil’s political insecurity.

9. The October elections for mayors and city councilmen (“vereadores”) will prove once again that Brazilians repeatedly vote for candidates they know to be churls, because the churls have promised them a better life—or at least some more spending money.

10. The 2016 Rio de Janeiro Olympic and Paralympic Games will be a great success, particularly for the crooked cartel of construction companies and their political cronies who have combined to create billion-dollar cost overruns.

During 2016, The Curmudgeon will continue to believe that Brazil is a serious country, or at least would be if its voters ever ceased electing crooks to public office.

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