IKN

More matter with less art

Chart of the day is…

…Peru imports versus exports, December 2008 to date:
And yup, that last month saw a trade deficit, the first since 2009 (remember all that depression of commods prices? Yeah me too). For what it’s worth Peru’s FinMin Castilla said the negative trade balance for April 2012 wasn’t very important. I wonder what he’ll say when Peru racks up three or four in a row?
These days there’s an upsurge of people who seem to think that Peru’s internal economy will be good enough to see it through and post 6% annual growth figure indefinitely. They’re dickheads.

Leave a Reply

Your email address will not be published.

Hello, you are not in a chatroom, you are in my living room. Opposing views and criticisms welcome, insults or urinating on furniture unwelcome. Please refrain from swearing if possible, it is not needed.