Monday, December 21, 2009

Chart of the day is...

.....Peru's GDP for the whole decade.

(click to enlarge)
Just soes ya knowz. And while we're at it, here's how Peru's GDP compares to internal demand for the period.
A lost year and a hard landing. Proof if needed that 10% growth isn't sustainable. And they give these jokers investment grade? Hah!

UPDATE: After getting a mail to ask about this, here's a close-up view of GDP versus internal demand in the last two years. You can see the difference more easily this way.
Viva Free Trade Agreements, yeah?