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31 March 2010
BRASIL: The Market Sizes-up Lula's Two Possible Successors.
BLOOMBERG/ President Lula's heir and cabinet chief, Dilma Rousseff, officially resigned, trailing Sao Paulo Governor Jose Serra by 9 points in recent polls. Meanwhile, investors are weighing Serra's policy of looser money against Rousseff's increased state spending and intervention.“The market is too calm about the election," claims money manager Paulo Nepomuceno. He adds “thinking we’ll have no volatility is a mistake."