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#4832: exchange rate & houses (fwd)


In response to the anonymous posting on house building:

It is clear that a great deal of money is being spent on builidng extravagent 
houses.  Most of these houses are built by Haiti's new drug lords.  But if 
indeed this is an investment it is hardly a productive investment that 
increases the capacity  of the country to be self sufficient.  It is rather 
short-term money laudering and reveling in new found riches.  Actually the 
amount of new luxury construction in Haiti since 1990 is staggering (although 
nothing in comparison to exported capital) and a symptom of something gravely 
amiss in such a poor and oppressed country.

Paul Paryski