Ecuador and the economic recovery you don't get to hear about

Add Ecuador to the list of countries not going down the tubes depsite the hopes and wishes of the idiotic commentators up North.

Exhibit One:

QUITO (Dow Jones)--Ecuador's crude oil export revenues totaled $1.28 billion for January and February, a 137% increase from the $541 million in the same period of 2009, due to the increase in oil prices, the central bank reported Wednesday

Exhibit Two:

QUITO -(Dow Jones)- Ecuador's tax collections rose 29% to $1.91 billion between January and March from $1.48 billion in the same period of 2009, the Internal Revenue Service, or SRI, said Tuesday.

Collections from the value-added tax in the three months reached $1.04 billion, 19% higher than $871 million a year earlier, according to SRI.

The funny thing is that all of LatAm is bouncing back strongly, not just the countries deemed "investor friendly" (aka take the munneh and run North) by the rest of the world. The rebound is seen everywhere but the reporting is confined to Colombia, Peru, Chile and Mexico. Now why should that be? HUH? Not to mention the fact that the biggest growth seen in any countries in the whole of the Americas (really, that's anywhere between Nunavuy and Tierra del Fuego) was enjoyed by Bolivia, which brought inflation down to miniscule figures at the same time. Odd how the elogies are missing on that one, innit?