I am not surprised to see that this current crisis is actually bringing some pretty good news. How about the total collapse of the “new Latin America” dream?
“It’s very worrying, there’s an increasingly negative view of Brazil in several countries,” said Roberto Abdenur, a former Brazilian ambassador to Ecuador. “This idea of a unified, leftist South America was an illusion and Brazil erroneously fomented it.”
Oh yeah baby, this is the inevitable end of any left wing alliance: the political Ouroboros. Merry Christmas Lula.
By the way, if Brazil is out, Iran is totally in for Ecuador, Venezuela and all the rest of South American trash. I think this is great, and maybe (just maybe) the so called centrist lefties will understand what these people are really about.
Talking about Hugo and his clowns, things might get even better. There is a good chance that in the near future OPEC itself will just fall apart. This is pretty ironic because there is no doubt that high oil prices were one of the things that contributed to the current crisis, and there is also no doubt that OPEC and the Arab states (along with Russia) pushed as hard as they could to get prices up. Got to be careful what you wish for people.
By the way, it is kind of funny to see how our economic experts really suck. Goldman just published its 2009 commodity price forecasts, and it makes it easy to understand why they were so wrong about sub-prime and derivatives:
“The U.S. bank which earlier this year predicted an oil price spike to $200 a barrel now expects to see crude average $45 a barrel next year. Forecasts for industrial metals aluminum and copper traded on the London Metal Exchange were cut substantially to $1,410 and $2,950 a tonne next year from $2,310 and $5,230, respectively.”
Why we should trust they will get it right now is beyond me.
Lastly, even though I don’t wish unemployment to anyone, it is good to see that Newsweek, the new voice of the American crazy left, is going through “a major editorial makeover likely to result in a slimmer publication”. Hopefully that means getting their act together politically as well.