The United States isn’t the only democracy where alleged tape recordings are involved in some way shape or form in a governmental crisis. In Brazil the reverberations of the Petrobras scandal and bribery of top government officials just can’t be put in the rearview mirror. When the Brazilian newspaper O Globo reported late Wednesday that the nation’s President Michel Temer gave a blessing to attempts to pay a witness to remain silent in a corruption probe. Nomura’s Latin American research analyst Joao Pedro Ribeiro thinks the reverberations are going to be serious, noting “the likelihood of Temer finishing his term…
The likelihood of Temer finishing his term has fallen significantly
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.