GREY:MAAFF - Post by User
Comment by
pangloss81on Jun 20, 2009 11:41pm
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Post# 16086984
RE: Like I said ......
RE: Like I said ......The election might be significant, but i am not so worried. From what i gather, it is a sham democracy. However, the market doesnt give a damn about democracy. it likes stability and predictability. The election is important insofar as it doesnt create instability. I do not understand that it is a populist pseudo democracy, a la Venezuela or Bolivia--which could raise the spectre of nationalization in the name of the people. On the other hand, i am not so naive as to not believe that some current elites do not have something to personally gain thru this billion dollar plus project. If the actors change, there may be new people to persuade...wink wink. Clearly, i dont know this, but i suspect it. The china deal may not be inked until after the election--it is interesting to note that july 30 is a deadline date.
if i were really worried about the elections, i would take my money out.