Thursday, February 4, 2010

Chart of the day is....

...the percentage breakdown of Peruvian exports, October 2009 (the latest monthly set of figures).

Of the U$2.502Bn of goods exported by Peru, only 26% weren't metals or oil/gas. Can we stop all this Peru miracle economy nonsense and see it for what it is one time? Over half of everything exported by a whole country is either copper or gold (and nearly all the gold goes straight to Switzerland to be locked in the bankers' vaults there, too).