Wartime economic dislocations, without a war
I couldn’t get the chart itself, but The blurb under Monday’s Bloomberg Chart of the Day tells its own story: The bolivar is one of only five currencies...
Economy
Paquetapocalypse Later
This Bloomberg piece describing changes in chavista financial management sort of raises more questions than answers, if you ask me. According to Joshua Goodman and Charlie Devereux, this… Last...
Some things are priceless; your currency shouldn't be one of them
So these two stories have been making the rounds recently. The first has Caracas as the 9th most expensive city in the world (comically sandwiched between Paris and...
Venezuela is a Ponzi scheme
(Posted on Foreign Policy´s Transitions blog) A pyramid scheme called Venezuela By Juan Cristobal Nagel Hugo Chávez, Venezuela’s embattled president, is living on borrowed time. The real problem...
Princess of China
El Nacional continues with its reporting on the push to get China to provide new financing for the Bolivarian Revolution. In a rambling article by Andrés Rojas, we...
The crowded bandwagon (cont)
Note: Long-time reader Dago takes the Torres/Monaldi/Morales/Rodríguez proposal for handing out oil rents to citizens and then taxing them, and frames it in an interesting, approachable way. He...
A timely reminder
This nifty BBC interactive feature serves as a timely reminder: gasoline in Venezuela isn’t so much “cheap” as it is, for all intents and purposes, free. [Hat tip:...
Hugo Chávez, darling of Wall Street
Bloomberg’s Ye Xie and Nathan Crooks have a very interesting article profiling the cozy relationship between Hugo Chávez and his bondholders. They make the case that, in spite...
The bandwagon is getting crowded
Long-time readers know extorres, our frequent (yet annoyingly anonymous) commenter who has been pushing the direct distribution of oil wealth for a loooong time. Today, the Wall Street...
This is what the Paquetazo looks like
As the government finds it has fewer dollars to fund imports of cut-price food, scenes like this one are set to become increasingly “normal”. When people imagine the...
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