Happy Friday the 13th! Today, local investors don’t believe Jair Bolsonaro will cross the proverbial Rubicon. And the lingering race-based inequality in Brazil’s labor market.
Markets not pricing a power grab
Political scientists have grown worried about the possibility of President Jair Bolsonaro not accepting the electoral results if he loses October’s vote (back in March 2021, The Brazilian Report talked about how Brasília power brokers share that feeling). Last Sunday, the ombudsman for Brazil’s biggest newspaper, Folha de S.Paulo, urged the press to warn voters that “the coup will happen.”
But, but, but … Despite Mr. Bolsonaro’s constant attacks...