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Tuesday, May 15

Financial Times Peru's fragile business confidence: "At least one multinational told the Financial Times that an investment worth hundreds of millions of dollars could be delayed by the outcome of the presidential vote. The company will study the new government's plan of action before making a decision. US companies alone have around $3bn-$4bn of assets tied up in Peru." Unfortunately, this cautious pessimism has been the standard business attitude of the past 50 years, unless you happen to be in the middle of a scam and need to make all the profits you can in the short term.

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