Good morning! There was no “storming of the Bastille” in Brazil, and yet the political crisis remains as severe as ever after pro-Bolsonaro protests. Still, markets remain unfazed by democratic threats.
September 7 protests: The day after
September 7 was expected to be a make-or-break moment for President Jair Bolsonaro. Either he would drive massive crowds to Brasília and São Paulo — emboldening him to take action against the Supreme Court — or the events would flop and his administration would crumble.
- In the end, the outcome lay somewhere in the middle. Crowds were sizable to the point...
