Farid Matuk has been in fine fettle these last few days, whacking into the hypocritical Twobreakfasts government by using the facts on offer, not the simple bluff and bluster served up by this most pathetic and unpopular of governments.
First up, via this Matuk post we see how Peru's economy is in fact two different economies; there's the one that the dumbasses at Moody's and S&P fawn about which is based on the 1/3rd of the population living in its capital, Lima. This chart taken from this report in La Republica (and re-labelled in English for your viewing pleasure) shows clearly the continued concentration of wealth in the capital, this despite all the silly lies proferred by Twobreakfasts about spreading the love around thew whole country:
First up, via this Matuk post we see how Peru's economy is in fact two different economies; there's the one that the dumbasses at Moody's and S&P fawn about which is based on the 1/3rd of the population living in its capital, Lima. This chart taken from this report in La Republica (and re-labelled in English for your viewing pleasure) shows clearly the continued concentration of wealth in the capital, this despite all the silly lies proferred by Twobreakfasts about spreading the love around thew whole country:
(click to enlarge)Next up from Matuk was this, separate but relate, subject. It seems that Peru's official lapdog INEI stats office, second in the continent only to Argentina's as manipulative bullshitters, want to measure the country's economy, GDP growth etc by ignoring those parts of the economy that haven't been performing so well! Yes indeed, all you need to do to get a positive GDP figure these days is to ignore the whole of the agricultural sector in your official census figures and make shit up later.
But Peru can get away with all this, y'see. Peru got da AmerikaFriend lurve. Peru not got da Hugo bad mojo. Peru got da media coverage that will never, ever question the substance and always go for the style.
Viva investment grade. Viva, viva, viva.