Quincho talks: swings in the dollar and red suspicion

“Look: no one operates in the financial market with a sign, but it has an impact,” said a veteran stockbroker while watching the ups and downs of the market on the screen. dollar. At the beginning of the week, the US currency in the local market reached a maximum of more than 2 years and several operators attributed the movement to the uncertainty generated by the plebiscite that promotes the PIT-CNTwhich proposes to reform the Constitution, on issues of social security. “I have no doubt that it has an impact, and for those who say that this was already known, it is because they do not know the markets or politics,” he stated, somewhat boastfully.

“The financial market – which is nothing other than people who buy and sell bonds and currencies – evaluates the situation day by day. It is true that the plebiscite has been planned for months, but the polls began to give relatively high percentages a little over a month ago, and it generated uncertainty,” he added.

A businessman, friend and client, sitting on the other side of the desk, asked him: “But… why didn’t the country risk? If there is uncertainty, they should also sell the bonds in dollars…” “Good question,” the broker answered, without looking up from the screen. “What happens is that the listing of long Uruguayan bonds in pesos is relatively new… and it is the first time that there is a risk like this. And it is a certain risk, dear: if the plebiscite comes out, everything will be turned upside down! And it is logical that the first movement comes from the titles in pesos… whose holders made a very good income, by the way. Selling global bonds in dollars would be a much more serious symptom,” he said.

“So what do we do?” asked the client. The runner there did turn and looked carefully at his friend. “There is no need to rush: Uruguay It is solid and everyone knows (Front and the ruling party) that there is no playing around with the fiscal situation. To me, this is minor turbulence. Also, the fact that the dollar rises a little doesn’t hurt… we are very expensive! Still, you have to follow everything carefully and stay ahead of events. Polls are already showing a certain drop in support for the plebiscite and that is reassuring; the dollar corrected slightly. Let’s maintain our positions, in dollars and pesos, and remain attentive,” he concluded.

Suspicion

The internal ones are already behind us and the parties are now in the dispute for the Presidency. But in the Colorado Party It would seem that the internal ones continue… and very hard. “He went too far…” commented a young Colorado militant, a follower of Andres Ojeda since before he presented his pre-candidacy. “That mocking… unfortunate,” he added. I was talking about Pedro Bordaberry and his curious and novel idea of ​​sharing – at the party event where he presented his list – what the ChatGPT when he consulted him about who the ideal candidate was.

The Artificial Intelligence robot not only responds with text, it also – if asked – returns images. And there were the virtual candidates that Bordaberry presented. With an ironic and joking tone, the former minister and former senator described what ChatGPT reflected. Any resemblance to Andrés Ojeda… was no coincidence. “This thing about making fun of your candidate for President… I think it has no precedent,” the Colorado militant continued commenting, between astonished and indignant. A co-religionist who accompanied him clarified: “let Bordaberry do his thing… and add votes, if he can.”

When they arrived to meet with other militants, in campaign activities, they met another Colorado leader close to Ojeda, who was more senior. “I saw Pedro on television… A little strange, right?” he commented, trying to lower the tension with the young people. “What do I know… it’s obvious that Bordaberry has weight. Andrés made a different decision than Talvi in ​​2019. Remember – he continued, while they were planning campaign activities – that in that year Pedro also wanted to ‘enter through the window’, and Talvi told him no”, the young people probably listened to him. wondering why Ojeda didn’t do the same. “Andrés made another calculation: Bordaberry can dispute votes with the Cabildo and even some white people, while he targets the young, undecided, disenchanted with politics, even many veterans, eh!, who want new people. In October we will see who wins, whether the renewal or the same old thing. We will see how their list 10 votes… it is like another internal one,” he acknowledged.

Payments

The recent demonopolization of acquisition in the market for electronic means of payment, It has opened up intense competition and movements to add services and benefits. Actors at all levels, both in technology As in the banking institutions themselves, they seek to position themselves in the different service areas, niches or opportunities for more massive expansion, of new technological resources.

The matter was the subject of conversation between an accountant and a lawyer, from a company with its offices in the World Trade Center of Diving. They had a light lunch, while one read: “Did you see that the majority of Uruguayans think that in a few years cash money will cease to exist? It’s a Fiserv study. What do you think?” “It’s possible,” answered the other, “although I don’t know if it will cease to exist completely: in times of uncertainty, people always resort to banknotes, ‘crunchy’, Eliseo, the manager, would say,” he joked, while joining his index finger and thumb making the universal money gesture and motivating your friend’s laughter.

“What is going to cease to exist – if I take the risk – is plastic,” he added. “You went green now,” responded the other. “Haha, no no: I’m talking about the cards,” he told him. “Seem to you? I have at least five in my wallet and my wife has five more… in our case the cards are far from disappearing,” commented his friend.

“Yes, it is true that there is a great display, even with what have been the promotions in commerce, multiple discounts… But be careful: in several places in the world its decline has already begun. Notice that here, in Uruguay, more and more transactions are made directly online, without the need to resort to cards or go to the ATM,” he commented. “True,” his companion agreed.

“And now the big change has arrived: the token is now enabled and people are starting to pay with their cell phone, with a QR code and something else. You are going to see that, in less time than we can think, we are paying for everything with our mobile phone… For me, cards have their years numbered,” he stated.