Haiti Appeal
We interrupt our regularly scheduled program of trashing the Venezuelan government to ask you to consider donating to MSF’s Haiti Earthquake Response. Thanks.
Life
The chickens coming home to the gallinero vertical to roost...
Throughout the last decade, even as I’ve worked feverishly and hoped ardently for an early end to the Chavez disaster, a dark thought has haunted me: what if...
One big red blackout
The Venezuelan government has just announced nationwide rolling blackouts affecting most of the country. Read the details here. The challenge for the opposition is how to spin this...
The Bottom Line on Red Friday
Far too little, far too late. That’s the bottom line. It’s important to get this right. Taking cheap shots at the devaluation as such is irresponsible and counterproductive....
Eleven years on, Chávez discovers Dutch Disease
You gotta hand it to Planning Minister Jorge Giordani. It took him eleven years but in the end – we’re not sure how – he managed to get...
Invaded by Wikipedia
The photos Chávez said he had of a US Orion P3 war plane invading Venezuelan air space last week? It’s a Wikipedia job: The Wikipedia File History shows the...
Reasons to doubt the Inflation Spike Scenario
Despite some of the more excitable oppo commentary out there, there are good reasons to doubt whether yesterday’s devaluation is really likely to cause much of an inflation...
The Dual Exchange Rate Shell Game
In announcing a sharp currency devaluation alongside a dual exchange rate, the Venezuelan government confirmed its longstanding M.O. of periodically regularizing entrenched but previously illegal governance practices. To...
Recadivi, it's Official: Dual Exchange Rate at Bs. 2.60 and Bs.4.30 per dollar
Chávez is calling the Bs.4.30 (CUATRO TRENTA, COMPAÑERO!) exchange rate the "dolar petrolero": the government is going to double the number of bolivars it gets for every oil...
It's a rumor, yes, but it's a Bloomberg parroted rumor...
You know that the Permutaland rumor mill is on High Overdrive when even Bloomberg is picking up stories about an immident devaluation. UPDATE: It’s Bloomberg running with this,...
Caracas Chronicles is 100% reader-supported.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
Donate