+++ P.O. (BBG) UBS Says Brazil’s Rousseff Most Likely Not to Finish Her Term

P.O.

When I am following a situation, I always watch for signs.

They usually tell me a lot.

When UBS says ” Brazil’s Rousseff Most Likely Not to Finish Her Term” , not

only they are saying what they think, but they are also cutting off any

business ties with the current Administration in Brazil.

So, UBS has certainly weighted all the consequences of their opinion.

Because of this fact, their opinion has more weight.

Another important sign, in the situation of the current Administration of Brazil, was when the former Finance Minister Joaquim Levy resigned.

Mr Levy comes from a very powerful Jewish Family and is very well known internationally.

He holds a PHD in economics from the University of Chicago, a Master’s in economics from the Getúlio Vargas Foundation (FGV) and graduated in Naval Architecture and Marine Engineering from the Federal University of Rio de Janeiro.
(Source Wikipedia)

Mr Levy has been has been appointed, on January 11, 2016,  by President Jim Yong Kim, World Bank Group Chief Financial Officer.

When Mr Levy resigned, I heard several well connected Brazilians say, that the support of the Brazilian Jewish lobby was gone.

And to say that Mr Levy is a heavyweight is an understatement…

In conclusion I would argue that Brazil has lost the support of a number of key players in the financial world.

And I would also argue that the downfall of the current Administration in Brazil is inevitable.

Francisco (Abouaf) de Curiel Marques Pereira

In Wikipedia:

Joaquim Vieira Ferreira Levy (born February 17, 1961) is a Brazilian economist and Brazil’s former Finance Minister. Levy took office on January 1, 2015, during the presidential inauguration of Dilma Rousseff’s second term.

Prior to the appointment, Levy was the President of Bradesco Asset Management, a division of Bradesco, Brazil’s second largest private bank.

Life and education[edit]
Born in Rio de Janeiro, Brazil, Levy holds a PhD in economics from the University of Chicago (1992), a Master’s in economics from Getúlio Vargas Foundation (FGV) (1987) and graduated in Naval Architecture and Marine Engineering from the Federal University of Rio de Janeiro.

Career
He was a Professor of Economics at FGV in the 1990s, before joining the IMF, where he worked from 1992 to 1999. At the IMF Mr Levy held several positions in the Western Hemisphere Department (1992), Europe I Department (1993-1997), Capital Markets, and Research (1997-1998). Mr Levy was also Vice-President at the Inter-American Development Bank and Finance Secretary of the State of Rio de Janeiro, during the first administration of Governor Sérgio Cabral Filho.

Between 1999 and 2000, he was a visiting economist at the European Central Bank, having worked in the division of Capital Markets and Monetary Strategy. In 2000 he was appointed Deputy Secretary of Economic Policy at Brazil’s Ministry of Finance, and in 2001 became Chief Economist at Brazil’s Ministry of Planning, Budget, and Management.

In January 2003, he was appointed Treasury Secretary (an officer that in Brazil serves under the Minister of Finance) by president Luís Inácio Lula da Silva, and Levy held that office until 2006. The Chicago-trained economist and former Brazil Treasury Chief is regarded as an experienced orthodox professional and proven fiscal hawk, who helped Brazil obtain its investment grade credit rating by checking spending and overhauling its debt structure.

From 2007 to 2010 Levy served as Finance Secretary of the State of Rio de Janeiro, under Governor Sérgio Cabral. From 2010 to November 2014, Mr Levy was the President of Bradesco Asset Management, an asset arm of the Brazilian giant financial conglomerate Bradesco, with more than US$130 billion under management. Mr Levy left Bradesco at the invitation from Dilma Rousseff to assume the Ministry of Finance.

Brazil’s Finance Minister[edit]
On Nov, 27, 2014 president Dilma Rousseff named Mr Levy as the country’s Finance Minister for her second term, replacing Guido Mantega. Levy took office as Finance Minister on January 1, 2015.

World Bank Group Chief Financial Officer[edit]
On Jan, 11, 2016 president Jim Yong Kim named Mr Levy as the World Bank Group Chief Financial Officer, replacing Bertrand Badre. Levy’s appointment at the World Bank Group is effective February 1, 2016.

References[edit]
Jump up ^ “New Brazilian finance minister”. FT.com. Retrieved 29 November 2014.
Jump up ^ “Ministers Take Office in a Ceremony in Brasilia”. Portal Brasil (in Portuguese) (Brasilia, Brazil). Imprensa Oficial. 2015-01-01. Retrieved 2015-02-01.
Jump up ^ “Bradesco hires Levy as Director”. Estadão Newspaper. Retrieved 21 November 2014.
Jump up ^ “List of Treasury Secretaries of Brazil, in Portuguese”. National Treasury website. Retrieved 21 November 2014.
Jump up ^ “Levy’s professional experience, in Portuguese”. Bank Workers Union. Retrieved 21 November 2014.
Jump up ^ “Banker to be named Brazil finance minister”. Reuters. Retrieved 21 November 2014.
Jump up ^ “Volume Managed”. Bradesco Asset. Retrieved 21 November 2014.
Jump up ^ “New Brazilian finance minister”. FT.com. Retrieved 29 November 2014.
Jump up ^ “Brazil ex-finance head joins World Bank”. FT.com. Retrieved 9 January 2016.

(Bloomberg) — Possibility of President Dilma Rousseff not finishing her term is higher than the likelihood of her concluding it, UBS analysts including Ronaldo Patah write in note to clients.

* Lack of support from ally PMDB, demonstrations against
Rousseff’s administration and reports on wrongdoing from
govt officials add to signs that president may not finish
her term: UBS