Brazil: A power of the present

Election time is around the corner once again for Brazil. In early October, the country will go to the polls to elect its new President. This time, like in 2006 when Lula was reelected, the elections are not expected to cause the major financial disruptions as seen in 2002 for example. The major decoupling that Brazil experienced in this regards is the one between financial cycles and political cycles: here, as also in Chile or Mexico, two other investment grades of the region, elections are not anymore disruptive, as 2010 elections will once again confirm in the Brazilian case.