But the lapse into truth came at yesterday's presser when Valdivieso said (courtesy of OttoTrans™);
And the locals kept on telling their citizens how they'd control inflation, but it's taken the onset of a global recession (no less) to curb the price rises felt by Peruvians (most of whom haven't seen a penny of the much vaunted GDP growth hit their own pockets). And note the spin; the world grows, and that's good for Peru. The world stops growing.... yessiree, that's good for Peru, too! Jam tomorrow, anyone?
It's all total BS...pure smoke'n'mirrors from all of them, not just Peru. Once they get past the basics of "build up reserves, tax the hell out of the little guy and leave the rich guys alone" they are then in the lap of the global gods when it comes to the long term health of their nations. It matters not the hue of governmental politics, either. If commods prices stay low, the following South American countries are in the caca: