Oct 13, 2026 · 1 hr · 10 segments
In this episode of Sustainable LatAm, we invited international wealth management expert Débora Toledo to analyse the fallout from the first round of the Brazilian elections. The conversation delved…
Obviously, I think that I'm very skeptical when we talk about business and politics.
I think they will compose, right? Because power always finds a way to set up things, right? And I think the negotiation would cost more
at the ology and faith, you know, and also the evangelicals that are really too close.
And I think this is what increased and, and Lula, you have for sure would have more days of good.
But if we underline the data, always after the first round, it doesn't matter if it was Lula or other right-wing candidate, the market always reacts going up because you have more at 13, right? After the first round.
It doesn't mean the market is like, okay, but it doesn't mean the market is better for Bolsonaro than Lula.
But for sure, when we talk about the reducing of the public debt, what do you think, correct me? It's not much friendly.
But basically, to answer this, I think they will find a way to negotiate, but they will compose a government that will go slightly to control public spending I think it's pretty much practice.
Could I jump in here with an observation about politicians? And also academics.
There's a group of academics some time back who did an analysis of the Brazilian political system and they called it, I think it was coalition presidentialism.
And their main argument was that because the political parties are fragmented, they're about 20 or 30 political parties at congressional level.
Now, some of those deals are just normal, the sort of deals that occur in every country.
You support me in Congress, I'll name one of your politicians, Minister of the Interior, you know, it's favors for jobs.
Obviously, I think that I'm very skeptical when we talk about business and politics.
I think they will compose, right? Because power always finds a way to set up things, right? And I think the negotiation would cost more
at the ology and faith, you know, and also the evangelicals that are really too close.
And I think this is what increased and, and Lula, you have for sure would have more days of good.
But if we underline the data, always after the first round, it doesn't matter if it was Lula or other right-wing candidate, the market always reacts going up because you have more at 13, right? After the first round.
It doesn't mean the market is like, okay, but it doesn't mean the market is better for Bolsonaro than Lula.
But for sure, when we talk about the reducing of the public debt, what do you think, correct me? It's not much friendly.
But basically, to answer this, I think they will find a way to negotiate, but they will compose a government that will go slightly to control public spending I think it's pretty much practice.
Could I jump in here with an observation about politicians? And also academics.
There's a group of academics some time back who did an analysis of the Brazilian political system and they called it, I think it was coalition presidentialism.
And their main argument was that because the political parties are fragmented, they're about 20 or 30 political parties at congressional level.
Now, some of those deals are just normal, the sort of deals that occur in every country.
You support me in Congress, I'll name one of your politicians, Minister of the Interior, you know, it's favors for jobs.
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