Aaron Stanley✓

Henrique Esteter @Economesteter

Lula é Dilma. Flávio é Aécio. Alckmin é Temer. Tarcísio é Jair. Os perfis são diferentes, assim como os contextos. Mas esse cenário pode se desenhar caso o presidente continue tomando decisões cegamente guiadas pela ideologia ao longo deste mandato.

BowTiedMara @BowTiedMara

The Argentine 🇦🇷 government denied that Flávio Bolsonaro had crossed into Argentina to escape via a private flight to the U.S. The National Migration Directorate has no record of Flávio Bolsonaro entering the Argentine Republic, according to an official statement from the Presidency. Presidential spokesperson Adrián Ravier maintained that there is “no request for asylum” from Bolsonaro. He also took the opportunity to mention that in 2023, “when Javier Milei was elected president, there was no gesture from President Lula to congratulate him personally or anything of the sort,” and that, consequently, “for the time being, there will be no statement” from the government regarding the outcome of the Brazilian elections. The suspicions about Bolsonaro's crossing into Misiones arose from an investigation by the Brazilian Federal Police, which suggested that one of the passengers might have been Flávio Bolsonaro—who is currently prohibited from leaving Brazil—as reported this Tuesday by the newspaper O Globo.

Glenn Greenwald @ggreenwald

Brazilian authorities and media are trying to find out where Flavio Bolsonaro is. Brazil's notorious authoritarian Judge Alexandre de Moraes -- before the votes were counted -- already had an order prepared to seize Bolsonaro's passports and bar him from leaving the country even though **he's been charged with no crime** (there are various pending financial investigations). Moraes signed the order barring Bolsonaro from leaving Brazil SEVEN MINUTES after Lula was declared the winner on Sunday night. A media outlet in Argentina this morning reported that Bolsonaro entered Argentina to fly to the US. His friends and allies deny this, but Flavio could easily just appear in Brazil or even by video and has not done so. Argentina is being sketchy, evasive and somewhat uncooperative with Brazil's federal police (Lula and Milei are obviously not allies). Whatever else is true, it is not exactly a sign of a healthy, normal or functioning democracy when the candidate who narrowly loses a presidential race -- and concedes defeat -- is suddenly barred from leaving the country by a Supreme Court Judge now globally notorious for censoring, imprisoning and otherwise persecuting his critics and opponents of Lula's government. It is also worth noting that Bolsonaro's party dominates the Senate, having run on a vow to impeach Moraes, and this is seen by many as a kind of leverage/hostage ploy by Moraes to cling to power.

João Kury @joaopkury

so @deel reached out and suggested Pix or a local bank transfer as cheaper alternatives... for a $2,000 withdrawal: - stablecoin (USDC): $30 - Bank transfer: $27 - Pix: $24 so basically, pick your favorite flavor of fees 💀

Eixo Político @eixopolitico

🇧🇷 Após vitória de Lula, governo já discute internamente o pacote de ajuste fiscal. De acordo com a CNN, medidas podem prever redução de incentivos fiscais, racionalização de benefícios sociais e uma mexida nos pisos constitucionais da saúde e da educação. Uma reforma administrativa e uma nova reforma da previdência, assuntos que são tabu na esquerda, devem entrar nos tópicos que serão debatidos com economistas conceituados.

Julio Macondo @JulioMacondo

A queda do mercado financeiro é o melhor sinal de que o Brasil tomou a decisão certa. Significa dizer que o dinheiro público continuará indo para programas sociais e não para o bolso dos rentistas.

Khazbi Budunov @foscaecon

The entire Financial Times editorial board has published a piece urging Lula to cut government spending and appoint a finance minister who enjoys the confidence of investors. I get the impression that the FT editorial board has never opened an economics book other than some outdated introductory macroeconomics textbook, perhaps something by Mankiw. Otherwise, it's hard to explain such astonishing arrogance and economic ignorance. Lula and the Brazilian people have absolutely no reason to bow to the demands of financial markets. Brazil is Latin America's largest economy, a major regional power, and a country with a high degree of monetary sovereignty. Around 97% of the central government's debt is denominated in its own currency, the Brazilian real. The relationship between the state and financial markets is therefore nothing like the FT portrays it. Brazil is not dependent on financial markets. On the contrary, financial markets depend on government spending, which creates financial assets for the private sector, while government debt denominated in the national currency is one of the instruments through which those assets are held. What Brazil needs is not capitulation to financial markets, but an independent economic policy focused on expanding production, creating jobs, and improving people's living standards. Armed with the insights of heterodox economic theory, Brazil has the potential to show the world what a genuine economic miracle looks like.

Ian Bezek @irbezek

@LatamStocks Smartfit down 32% as well. Clearly all the people that went to the gym when Lula was president 2023-26 will cancel their memberships now that Lula will remain in power. Total game-changer.

Financial Times @FT

Brazil's currency and stocks tumbled on Monday as investors bet that Luiz Inácio Lula da Silva's comeback election victory would compound fiscal worries for Latin America's biggest economy.

Watcher.Guru @WatcherGuru

JUST IN: 🇧🇷 Over $200,000,000,000 wiped out from the Brazil stock market at open after Lula da Silva wins Brazil's presidential election, defeating Flávio Bolsonaro.

Fernando Ulrich @fernandoulrich

Já sabemos o que veremos nos mercados amanhã, basta apostar na magnitude dos movimentos: Dólar ⬆️ X%? Ibov ⬇️ -X%? Juros ⬆️ X%?

E. Cavendish @ducavendish

Índice de Brasil negociado na @HyperliquidX. Desastre total. Amanhã será um dia muito feio nos mercados. Preparem-se que serão anos difíceis.

Andrey Nousi, CFA @AndreyNousi

Bolsa brasileira afunda. Caindo 15% agora

Martin De Luca @emd_worldwide

Let’s make sure the entire world understands. In Brazil, judicial rulings in connection with federal elections are made by the court that has been in place for that very purpose, the Supreme Electoral Tribunal (TSE). @LulaOficial requested to the TSE that the polls be extended by two more hours in the entire country, citing “transportation problems.” Who controls the transport system? Lula’s government surely more so than a senator running for president. Instead of waiting for a TSE ruling. @LulaOficial immediately asked Brazilian Supreme Court (STF) justice @Cristianozaninm to order the polls remain open WITHOUT any TSE ruling. Within minutes (did Zanin even read the filing?), the polls were ordered to remain open by Zanin. The STF has 11 justices. What did Zanin do before becoming an STF justice? Oh yes, he was Lula’s criminal defense lawyer in his corruption cases. If this blatant rigging of the elections will be used to announce that Lula won, is Lula seriously expecting anyone in the international community to recognize that as a free and fair election? He knows nobody will. Has the desperation reached a point that today is the day the mask fully comes off and Lula becomes the next Nicolas Maduro? For the sake of Brazil, I pray that is not the case.

BowTiedBrazil @bowtiedbrazil

It has begun. Unprecedented last minute decision by the supreme electoral court (one justice only) to extend voting hours all over country after they had been closed. Counting of votes paused. Chaos in areas where the polls had already closed Laying groundwork for left/court to protest against the legitimacy of the result

Bitso @Bitso

36 mil millones de dólares en remesas llegaron a México en lo que va del año. Mandarlos cuesta casi 5%. Con stablecoins llegan en minutos y con menos fricción. Bitso ya mueve cerca del 15% de las remesas de EU a México.