INTERVIEWominican Republic Peso Likely To Strengthen In '11 - WSJ.com
The more good news the better.
The more good news the better.
The Dominican Finance Minister is either trying to drum up some business or he's whistling past the graveyard.
It would have been nice of him to also explain how the country plans to manage its increasing debt load. Counting borrowed money as GDP looks good only from one angle and smells bad all the time.
http://www.dominicantoday.com/dr/ec...igorate-in-2011-Economy-chief-tells-Dow-Jones
Only a moron or economic's deficient person would even dare equate a nation's GDP value, having been benchmarked using external loans, as part of the economic growth represented on that figure in any level. Loans, Tnotes, bonds are the negative load used to determine a given nation's debt based on their economic output as in GDP...
The Dominican Finance Minister is either trying to drum up some business or he's whistling past the graveyard.
It would have been nice of him to also explain how the country plans to manage its increasing debt load. Counting borrowed money as GDP looks good only from one angle and smells bad all the time.
http://www.dominicantoday.com/dr/ec...igorate-in-2011-Economy-chief-tells-Dow-Jones