Wednesday, December 16, 2009

News roundup (slices of news thinner than parma ham served in the finest Italian restaurants)


The LME copper inventory level is not an elephant in the room. It's 470,800 elephants in the rooms.

Colombian business peeps are in "purgatory", according to Reuters. The reason is not the crappy job done by Uribe, it's not the world financial crisis, it's not the recession in Colombia and its ongoing fragile economy. Yeah you guessed it, Hugo Chávez is to blame. Reuters heaps more dumbassery on the world.

Ben Bernanke is Time Magazine Person of the Year (stop laughing at the back! Sit up straight!). Krugman explains the "curse of the Time cover".

One of the longest running sagas in South America may be coming to a close, as Brazil's Senate approves the entry of Venezuela into Mercosur. However, Paraguayan opposition swear that they'll veto the gig.

Ecuador's energy crisis was officially declared over by the Studmuffin gov't yesterday (cos it rained). So let's ignore the power cuts reported this morning, shall we?

According to world's worst defence minister, Peru's Rafael Rey, President Twobreakfasts is "accountable to nobody". Just imagine the uproar if Evo or Hugo flunkies insisted on that line? Dudettes and dudes, you're looking in the wrong place for your LatAm dictatorships.