IBOV 175,334.46 ▲ 0.74% IPSA 10,964.11 ▲ 0.12% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,305,316 — 0.00% COLCAP 2,282.91 ▲ 0.37% BVL PERÚ 57,237.60 — — USD/BRL5.11▼ 0.10% USD/MXN17.49▲ 0.20% USD/CLP939.74▼ 0.01% USD/COP3,195▼ 0.67% USD/PEN3.40▼ 0.10% USD/ARS1,497▼ 0.03% USD/UYU40.15▲ 1.29% USD/PYG6,020▲ 1.46% USD/BOB11.32▲ 3.54% USD/DOP58.00▲ 0.78% USD/CRC449.99▲ 1.60% USD/GTQ7.62▲ 2.19% USD/HNL26.75▲ 1.51% USD/NIO36.62▲ 0.69% USD/VES740.95▼ 0.05% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 0.26% USD/TTD6.75▲ 1.35% EUR/BRL5.81▲ 0.43% BRENT 86.65 ▼ 1.94% WTI 81.17 ▼ 1.74% IRON ORE 161.91 — — COPPER 6.31 ▼ 0.50% GOLD 4,025 ▼ 1.21% SILVER 57.34 ▼ 1.94% SOY 1,208 ▼ 0.06% CORN 475.00 ▲ 5.15% WHEAT 652.50 ▼ 1.14% COFFEE 344.70 ▲ 6.21% SUGAR 14.54 ▼ 0.27% ORANGE JUICE 141.40 ▼ 0.25% COTTON 80.10 ▲ 0.96% COCOA 5,179 ▲ 1.55% BEEF 218.30 ▼ 3.86% CATTLE 331.28 ▼ 4.07% LITHIUM 68.63 ▲ 1.21% PETR4 41.01 ▼ 2.84% VALE3 75.69 ▲ 0.60% ITUB4 42.69 ▲ 1.40% BBDC4 18.71 ▲ 1.24% ABEV3 15.86 ▲ 1.41% BBAS3 20.50 ▲ 0.74% B3SA3 15.72 ▲ 1.81% WEGE3 46.40 ▲ 0.89% PRIO3 55.71 ▼ 5.29% SUZB3 41.87 ▲ 0.07% RENT3 37.72 ▲ 2.25% AZZA3 17.11 ▲ 2.76% CSAN3 3.95 ▲ 3.95% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 1.79% GMAT3 3.83 ▲ 1.06% PSSA3 54.29 ▼ 0.89% CVCB3 1.36 ▲ 1.49% POSI3 3.52 ▼ 0.85% SLCE3 13.38 ▼ 1.91% NATU3 8.49 ▲ 1.31% BRKM5 6.08 ▼ 0.33% RANI3 7.93 ▼ 0.25% CSNA3 5.71 ▲ 6.53% CMIN3 5.80 ▲ 1.93% USIM5 8.61 ▲ 1.53% GGBR4 24.48 ▲ 0.91% ENEV3 25.47 ▲ 2.29% CPFE3 44.75 ▼ 0.75% CMIG4 11.17 ▲ 1.73% EQTL3 38.80 ▲ 1.20% LREN3 13.73 ▲ 3.47% VIVT3 36.11 ▲ 2.26% RAIL3 13.80 ▲ 1.69% KLABIN 17.68 ▲ 0.91% RAIA DROGASIL 18.17 ▲ 1.06% RDOR3 33.60 ▲ 0.66% HAPV3 10.19 ▲ 2.72% FLRY3 16.53 ▲ 1.66% SMTO3 14.67 ▼ 2.52% UGPA3 32.09 ▼ 1.90% VBBR3 34.50 ▼ 1.71% BBSE3 40.54 ▼ 2.29% BPAC11 55.55 ▲ 1.61% CURY3 30.39 ▲ 3.54% AERI3 2.05 ▲ 0.49% VIVARA 22.01 ▲ 2.75% COMPASS 25.30 ▲ 2.18% VAMOS 3.17 ▲ 0.63% SANB11 27.36 ▲ 3.87% ASAI3 8.11 ▲ 3.31% SBSP3 28.87 ▲ 1.73% WALMEX 48.52 ▲ 0.92% GMEXICO 209.50 ▲ 1.07% FEMSA 230.17 ▲ 3.68% CEMEX 21.37 ▲ 1.09% GFNORTE 196.59 ▲ 2.25% BIMBO 59.24 ▲ 1.59% TELEVISA 9.93 ▲ 1.22% AMX 22.49 ▼ 1.40% GAP 377.40 ▲ 0.10% ASUR 268.57 ▲ 0.30% OMA 228.74 ▲ 1.15% KOF 189.00 ▲ 5.35% GRUMA 267.85 ▼ 0.01% KIMBER 39.92 ▲ 0.71% SQM-B 64,650 ▼ 1.07% COPEC 6,249 ▼ 1.28% BSANTANDER 80.77 ▲ 1.83% FALABELLA 6,155 ▲ 2.75% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,915 ▼ 2.20% CMPC 1,040 ▲ 1.41% BANCO CHILE 193.26 ▲ 0.08% LATAM AIR 24.60 ▲ 3.02% YPF 81,225 ▼ 0.95% GGAL 7,960 ▲ 0.89% PAMPA 5,475 ▼ 0.73% TXAR 675.00 ▲ 0.15% ALUAR 984.50 ▲ 1.29% TGS 9,710 ▼ 0.56% CEPU 2,383 ▲ 0.76% MIRGOR 16,825 ▲ 1.82% COME 42.46 ▲ 0.12% LOMA NEGRA 3,700 ▲ 2.49% BYMA 302.75 ▲ 0.75% TELECOM ARG 4,490 ▲ 2.51% ECOPETROL 15.80 ▼ 1.31% BANCOLOMBIA 87.93 ▲ 2.23% GRUPO AVAL 4.82 ▲ 0.84% CREDICORP 390.99 ▲ 0.66% SOUTHERN COPPER 179.32 ▲ 0.02% BUENAVENTURA 31.72 ▲ 2.62% MERCADOLIBRE 1,820 ▲ 1.02% NUBANK 14.53 ▲ 3.12% XP 16.74 ▲ 0.30% PAGSEGURO 9.38 ▲ 1.96% STONE 10.89 ▲ 1.21% GLOBANT 32.64 ▲ 4.28% TECNOGLASS 45.44 ▲ 0.31% GAP AIRPORT 216.27 ▼ 0.00% ASUR 268.57 ▲ 0.30% OMA AIRPORT 104.80 ▲ 1.32% AMX ADR 25.70 ▼ 1.19% FEMSA ADR 132.15 ▲ 3.96% CEMEX ADR 12.21 ▲ 1.24% PETROBRAS ADR 18.00 ▼ 4.10% VALE ADR 14.78 ▼ 0.07% ITAU ADR 8.37 ▲ 1.09% SANTANDER BR 5.44 ▲ 2.64% AMBEV ADR 3.07 ▲ 0.33% CSN 1.12 ▲ 3.70% GERDAU 4.83 ▲ 0.42% LATAM ADR 52.27 ▲ 4.23% BTC 63,396 ▼ 0.52% ETH 1,874 ▼ 0.88% SOL 73.00 ▼ 1.54% XRP 1.05 ▼ 1.44% BNB 565.32 ▼ 0.07% ADA 0.16 ▲ 0.82% DOGE 0.07 ▼ 0.74% AVAX 6.46 ▲ 1.00% LINK 8.29 ▼ 0.87% DOT 0.76 ▲ 0.48% LTC 46.46 ▲ 1.00% BCH 212.75 ▲ 0.49% TRX 0.33 ▲ 0.21% XLM 0.17 ▼ 0.63% HBAR 0.07 ▼ 0.63% NEAR 1.67 ▼ 0.74% ATOM 1.30 ▲ 0.22% AAVE 96.66 ▼ 1.21% SELIC 14.25% EMBRAER 86.90 ▲ 5.33% EMBRAER ADR 67.99 ▲ 4.71% JBS 13.55 ▲ 10.34% JBS BDR 69.23 ▲ 11.59% MBRF3 15.89 ▲ 7.08% MBRFY 2.96 ▲ 0.68% INTER 5.56 ▲ 5.10% EGX 53,910 ▲ 0.51% USD/ZAR16.80▲ 0.22% USD/NGN 1,361 — 0.00% NIKKEI 62,365 ▼ 3.95% CSI300 4,570 ▼ 2.83% HSI 25,311 ▲ 0.41% NIFTY 23,985 ▼ 0.04% KOSPI 6,024 ▼ 10.84% JCI 6,131 ▼ 0.89% USD/JPY163.91▲ 0.10% USD/CNY6.76▼ 0.10% DAX 25,451 ▲ 0.36% CAC 8,430 ▲ 0.28% FTSE 10,836 ▲ 0.50% MIB 52,026 ▼ 0.06% IBEX 19,787 ▲ 0.23% STOXX 645.68 ▲ 0.16% EUR/USD1.14▼ 0.01% GBP/USD1.33▼ 0.52% SPX 7,413 ▲ 0.02% DJI 52,210 ▲ 0.51% NDX 28,039 ▼ 0.32% RUT 2,948 ▲ 0.62% TSX 35,568 ▲ 0.56% VIX 18.98 ▲ 1.66% USD/CAD1.41▼ 0.09% US10Y 4.6410 ▼ 0.81% IBOV 175,334.46 ▲ 0.74% IPSA 10,964.11 ▲ 0.12% IPC MEX 67,183.26 ▲ 1.20% MERVAL 3,305,316 — 0.00% COLCAP 2,282.91 ▲ 0.37% BVL PERÚ 57,237.60 — — USD/BRL 5.11 ▼ 0.10% USD/MXN 17.49 ▲ 0.20% USD/CLP 939.74 ▼ 0.01% USD/COP 3,195 ▼ 0.67% USD/PEN 3.40 ▼ 0.10% USD/ARS 1,497 ▼ 0.03% USD/UYU 40.15 ▲ 1.29% USD/PYG 6,020 ▲ 1.46% USD/BOB 11.32 ▲ 3.54% USD/DOP 58.00 ▲ 0.78% USD/CRC 449.99 ▲ 1.60% USD/GTQ 7.62 ▲ 2.19% USD/HNL 26.75 ▲ 1.51% USD/NIO 36.62 ▲ 0.69% USD/VES 740.95 ▼ 0.05% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 0.26% USD/TTD 6.75 ▲ 1.35% EUR/BRL 5.81 ▲ 0.41% BRENT 86.65 ▼ 1.94% WTI 81.17 ▼ 1.74% IRON ORE 161.91 — — COPPER 6.31 ▼ 0.50% GOLD 4,025 ▼ 1.21% SILVER 57.34 ▼ 1.94% SOY 1,208 ▼ 0.06% CORN 475.00 ▲ 5.15% WHEAT 652.50 ▼ 1.14% COFFEE 344.70 ▲ 6.21% SUGAR 14.54 ▼ 0.27% ORANGE JUICE 141.40 ▼ 0.25% COTTON 80.10 ▲ 0.96% COCOA 5,179 ▲ 1.55% BEEF 218.30 ▼ 3.86% CATTLE 331.28 ▼ 4.07% LITHIUM 68.63 ▲ 1.21% PETR4 41.01 ▼ 2.84% VALE3 75.69 ▲ 0.60% ITUB4 42.69 ▲ 1.40% BBDC4 18.71 ▲ 1.24% ABEV3 15.86 ▲ 1.41% BBAS3 20.50 ▲ 0.74% B3SA3 15.72 ▲ 1.81% WEGE3 46.40 ▲ 0.89% PRIO3 55.71 ▼ 5.29% SUZB3 41.87 ▲ 0.07% RENT3 37.72 ▲ 2.25% AZZA3 17.11 ▲ 2.76% CSAN3 3.95 ▲ 3.95% RAIZ4 0.26 — 0.00% PCAR3 2.74 ▼ 1.79% GMAT3 3.83 ▲ 1.06% PSSA3 54.29 ▼ 0.89% CVCB3 1.36 ▲ 1.49% POSI3 3.52 ▼ 0.85% SLCE3 13.38 ▼ 1.91% NATU3 8.49 ▲ 1.31% BRKM5 6.08 ▼ 0.33% RANI3 7.93 ▼ 0.25% CSNA3 5.71 ▲ 6.53% CMIN3 5.80 ▲ 1.93% USIM5 8.61 ▲ 1.53% GGBR4 24.48 ▲ 0.91% ENEV3 25.47 ▲ 2.29% CPFE3 44.75 ▼ 0.75% CMIG4 11.17 ▲ 1.73% EQTL3 38.80 ▲ 1.20% LREN3 13.73 ▲ 3.47% VIVT3 36.11 ▲ 2.26% RAIL3 13.80 ▲ 1.69% KLABIN 17.68 ▲ 0.91% RAIA DROGASIL 18.17 ▲ 1.06% RDOR3 33.60 ▲ 0.66% HAPV3 10.19 ▲ 2.72% FLRY3 16.53 ▲ 1.66% SMTO3 14.67 ▼ 2.52% UGPA3 32.09 ▼ 1.90% VBBR3 34.50 ▼ 1.71% BBSE3 40.54 ▼ 2.29% BPAC11 55.55 ▲ 1.61% CURY3 30.39 ▲ 3.54% AERI3 2.05 ▲ 0.49% VIVARA 22.01 ▲ 2.75% COMPASS 25.30 ▲ 2.18% VAMOS 3.17 ▲ 0.63% SANB11 27.36 ▲ 3.87% ASAI3 8.11 ▲ 3.31% SBSP3 28.87 ▲ 1.73% WALMEX 48.52 ▲ 0.92% GMEXICO 209.50 ▲ 1.07% FEMSA 230.17 ▲ 3.68% CEMEX 21.37 ▲ 1.09% GFNORTE 196.59 ▲ 2.25% BIMBO 59.24 ▲ 1.59% TELEVISA 9.93 ▲ 1.22% AMX 22.49 ▼ 1.40% GAP 377.40 ▲ 0.10% ASUR 268.57 ▲ 0.30% OMA 228.74 ▲ 1.15% KOF 189.00 ▲ 5.35% GRUMA 267.85 ▼ 0.01% KIMBER 39.92 ▲ 0.71% SQM-B 64,650 ▼ 1.07% COPEC 6,249 ▼ 1.28% BSANTANDER 80.77 ▲ 1.83% FALABELLA 6,155 ▲ 2.75% ENELAM 85.89 ▲ 0.47% CENCOSUD 1,915 ▼ 2.20% CMPC 1,040 ▲ 1.41% BANCO CHILE 193.26 ▲ 0.08% LATAM AIR 24.60 ▲ 3.02% YPF 81,225 ▼ 0.95% GGAL 7,960 ▲ 0.89% PAMPA 5,475 ▼ 0.73% TXAR 675.00 ▲ 0.15% ALUAR 984.50 ▲ 1.29% TGS 9,710 ▼ 0.56% CEPU 2,383 ▲ 0.76% MIRGOR 16,825 ▲ 1.82% COME 42.46 ▲ 0.12% LOMA NEGRA 3,700 ▲ 2.49% BYMA 302.75 ▲ 0.75% TELECOM ARG 4,490 ▲ 2.51% ECOPETROL 15.80 ▼ 1.31% BANCOLOMBIA 87.93 ▲ 2.23% GRUPO AVAL 4.82 ▲ 0.84% CREDICORP 390.99 ▲ 0.66% SOUTHERN COPPER 179.32 ▲ 0.02% BUENAVENTURA 31.72 ▲ 2.62% MERCADOLIBRE 1,820 ▲ 1.02% NUBANK 14.53 ▲ 3.12% XP 16.74 ▲ 0.30% PAGSEGURO 9.38 ▲ 1.96% STONE 10.89 ▲ 1.21% GLOBANT 32.64 ▲ 4.28% TECNOGLASS 45.44 ▲ 0.31% GAP AIRPORT 216.27 ▼ 0.00% ASUR 268.57 ▲ 0.30% OMA AIRPORT 104.80 ▲ 1.32% AMX ADR 25.70 ▼ 1.19% FEMSA ADR 132.15 ▲ 3.96% CEMEX ADR 12.21 ▲ 1.24% PETROBRAS ADR 18.00 ▼ 4.10% VALE ADR 14.78 ▼ 0.07% ITAU ADR 8.37 ▲ 1.09% SANTANDER BR 5.44 ▲ 2.64% AMBEV ADR 3.07 ▲ 0.33% CSN 1.12 ▲ 3.70% GERDAU 4.83 ▲ 0.42% LATAM ADR 52.27 ▲ 4.23% BTC 63,396 ▼ 0.52% ETH 1,874 ▼ 0.88% SOL 73.00 ▼ 1.54% XRP 1.05 ▼ 1.44% BNB 565.32 ▼ 0.07% ADA 0.16 ▲ 0.82% DOGE 0.07 ▼ 0.74% AVAX 6.46 ▲ 1.00% LINK 8.29 ▼ 0.87% DOT 0.76 ▲ 0.48% LTC 46.46 ▲ 1.00% BCH 212.75 ▲ 0.49% TRX 0.33 ▲ 0.21% XLM 0.17 ▼ 0.63% HBAR 0.07 ▼ 0.63% NEAR 1.67 ▼ 0.74% ATOM 1.30 ▲ 0.22% AAVE 96.66 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Op-Ed Guest Opinions

Opinion: Bolsonaro, the Bad News Bairns and Oily Oakentree

By · May 18, 2019 · 3 min read

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Opinion by Michael Royster

RIBERÃO PRETO, BRAZIL — The latest pronouncement from stargazer Olavo de Carvalho (aka Oily Oakentree) was that he would stop shaking scatological acorns down into Belindia, where the Bad News Bairns (aka Zero 1, Zero 2 and Zero 3) could read, mark and inwardly digest them before Tweeting or Zapping them off to bamboozled Bozominions.

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Perhaps it’s true; perhaps he really will climb back inside his ivory tower, having earned the Order of the Grand Cross Award from his disciple. However, there are disturbing signs that his influence will not lessen.

In fact, one could argue that Oily Oakentree, though ensconced in Richmond VA, has, by dint of metempsychosis, transmigrated into the souls of the Bad News Bairns, from whence he shall, periodically, ringwraithly re-emerge.

Recent news relayed Bolsonaro’s hint that a tsunami was coming; most semioticians could not decode the underlying seismic sense—what can it mean? Is the sky falling? Is the end, in fact, nigh?

The Curmudgeon submits that the end may well be nigh indeed.

Yesterday’s news was an anonymous diatribe, re-posted on WhatsApp, exalting Bolsonaro’s efforts but decrying them as bootless, given the overwhelming opposition of the evil system. The author’s conclusion is that Brazil is ungovernable; Bolsonaro later admitted he has the same feeling of impending doom as he felt just before his near-fatal stabbing.

The Curmudgeon, until this morning, was certain that he who penned the anonymous diatribe was none other than the Oakentree himself. It could have been his farewell to arms, his “morituri te salutant”, his “stop the merry-go-round, I want to get off”.

The Curmudgeon may be mistaken, as a previously unknown professor in Rio has today come forward to claim authorship. If he did, he was certainly imbued with the spirit of Oily Oakentree.

He may also have been imbued with the spirit of Brazil’s former President Janio Quadros, who came into office in January 1961 brandishing a broomstick with which to sweep out the “occult forces” controlling Brazil but who, only eight months later, admitted he had been vanquished; he resigned, consigning governance to his Vice President.

The anonymous diatribe refers not to “occult forces” but to “corporações”, closely-knit cohorts of criminally complicit cronies, seeking nothing but personal gain. Oily Oakentree’s blog has long railed against all those forces—Congress, the courts, the military—who oppose “O Mito” (the Legend) and his messianic mission to save Brazil from global Marxism.

The anonymous diatribe holds there is no possibility of success against the system and is thus both an invitation and a justification for Bolsonaro to imitate Janio and decamp, leaving Brazil in the lurch.

Given the next few people in line to assume Brazil’s presidency, that would be a veritable tsunami, and we should all be very, very worried about Brazil’s future as a democracy.

To close, the Curmudgeon will quote Hunter S. Thompson, the original gonzo journalist, who, some 50 years ago, presciently penned these words:

In a nation ruled by swine, all the pigs are upwardly mobile—and the rest of us are [screwed] until we can put our acts together.”

 

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