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There Comes the Canal Expansion Spin!
By The Boss on Mar 19, 2008 | In Politics, Business | 1 feedback »
Indeed. Bye.
We TOLD YOU SO and you heard it here first: The Canal Expansion project is in trouble. Proof: El Panama America starts the spin that will gradually familiarize us with higher costs, stupid financing - in short everything the opponents of the plan predicted. They have set aside funds for inflation, calculated at 2% per year. In reality it's FOUR TIMES as high: 8% per year. We already told you about machinery that doesn't work. Read our lips: The Canal Expansion is in deep shit.
UPDATE: More preparation-for-the-worst spin in La Prensa.
