Enter the PETRO
Few things are as hot today as cryptocurrencies, and chavismo sure wants in on the fun. Of course, the meaning of fun here depends on how morally bankrupt you are.
Economy
It's Official: Venezuela Enters Hyperinflation
Venezuelan inflation blew past 50% a month, the hyperinflationary threshold.
The Vulture Watching the Bond House
Anatoly sinks his teeth into the story of the defaulted borrower taking informal advice from one of its sketchy skid-row lenders… What could possibly go wrong?
Ten Million Percent Later
Add another zero to the raging fire of Venezuela’s macroeconomic cataclysm.
Schrödinger's Default
This morning, Electricidad de Caracas’s 2018 bond went into default...or did it?
Default is So Yesterday: Worry about Acceleration
Ahora sí. PDVSA is in default. It's bad, and could be disastrous — especially if we reach the next step: Acceleration.
(Almost) Difol Chronicles
The government's never going to tell us what really happened behind the scenes of this week's near-default drama...so we have to imagine how it went down Tropical Mierda-style, instead.
A Bondholder's Nightmare
The days of crying wolf are over and the Venezuelan default is pretty much here. With such clear signs, why did it find everyone with their pants down?
IMF: Showing Venezuela a Yellow Card on Transparency
Venezuelans are supposed to have a Constitutional right to information, and if our own institutions won’t make good on it, maybe our friends on 19th Street can help.
A debt restructuring that’s really a default that’s really a giant money laundering operation
Announcing an unlikely debt restructuring, Maduro sent Venezuela hurtling down the default rabbit-hole tonight. But what if the announcement's an elaborate bluff, or an elaborate money-laundering exercise? And what if it's both?
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