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Like "choosing between AIDS and cancer" is how a Peruvian Nobel Laureate describes the...

Like "choosing between AIDS and cancer" is how a Peruvian Nobel Laureate describes the presidential runoff between Chavez ally Ollanta Humala and Keiko Fujimori, the daughter of a jailed ex-president. Shares agree, off more than 12% since the news hit on Sunday. EPU -2.9%, BAP -0.4%.
Comments (7)
  • Well, at least they have a clear choice. They can either vote for capitalism or communism.

     

    Perhaps, the markets expect the latter.
    14 Apr 2011, 10:53 AM Reply Like
  • Haha, so your opinion is that capitalism = criminals and communism = Chavez's buddy.... interesting.

     

    I wouldn't quite phrase it that way since there were viable pro-market candidates (i.e. more capitalist) but they are already out of the running.

     

    Whoever wins, US does not benefit, but I suspect this is really a tug of war between a leader who looks to the East or a leader with a more localized perspective. China has made big investments in Peru and Fujimori will be more inclined to accommodate China whereas Humala will likely just want to nationalize and screw it over.
    14 Apr 2011, 11:49 AM Reply Like
  • Its all but certain they will opt for Humala over Fujimori. Keiko Fujimori had promised years prior that if she was President she would pardon anyone she believed was innocent. She claims her father made mistakes and nothing more. A vote for her is a vote to free Alberto Fujimori, and see his influence in the government again. Humala will just nationalize industry and destroy the economy. No biggie.
    14 Apr 2011, 11:01 AM Reply Like
  • Kind of like picking between Dingy Harry and Pelosi.
    14 Apr 2011, 11:12 AM Reply Like
  • This happens in all countries not just in Peru.
    14 Apr 2011, 11:15 AM Reply Like
  • they voted for Communism.....they were doing so well...we will be reading about them in the next few years....all the usual suspects..failing economy..Unemployment.... that didnĀ“t keep up production...bribery..... stuff
    14 Apr 2011, 11:19 AM Reply Like
  • Large money flows into Peru have created a middle class there, a consumption class, this is very important. Also the recent government has made strong strides into reinforcing governmental authority. I was looking at certain opportunities there ca. 2007. Was very impressed. It's gotten better.

     

    Talking about poor people and 'unemployment' reflects some lack of understanding of Peru, the social safety nets and entitlement programs are virtually non existent. Also the economy is heavily commodity based, it's very much a Australia or Canada more than a industrial/manufacturing center or outsourcing powerhouse.
    14 Apr 2011, 11:53 AM Reply Like
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