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Widening his slim lead, it's expected to increase as poor rural returns come in, areas where he's strongest. As a result, "Peru's stock market sank about 11 percent, while the sol currency fell 1.5 percent," prompting central bank efforts to curb it.
Addressing thousands of cheering supporters, Humala said he'll "install a government of national unity," adding that he wants "economic growth with social inclusion (to) build a more just Peru for everybody."
Calming investors, Humala's top economic advisor and possible new finance minister, Kurt Burneo, warned speculators betting against Peru would get burned, saying:
"Those speculating now are simply going to lose their money because everything is very solid," suggesting little change from current policies.
In fact, Humala's likely central bank head, Felix Jimenez, added:
"Our economic proposals are totally sensible: to maintain macroeconomic equilibrium, consolidate growth and create conditions for private domestic and foreign investment growth."
If both men run Peru's economy, expect today's market plunge to be a buying opportunity for savvy investors seeing a chance for quick profits, not a red flag to shift funds elsewhere.
Stephen Lendman lives in Chicago and can be reached at Email address removed. Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon. All programs are archived for easy listening.
http://www.progressiveradionetwork.com/the-progressive-news-hour/ .
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