Nomura

A benchmark for our troubles

This has been a gruesome year for Venezuela. But as our economy collapses, economists are finding it hard to assess just how screwed up we are, since Venezuela’s Central Bank refuses to publish economic data. It’s also becoming very hard to forecast how clusterfucked we’ll be in 2015. In this context, economists have to come up with whatever they can.…

maduro_villegas_sibci

Getting our priorities straight

If you’re Venezuelan (and live here), a good night’s sleep is a rare occurrence. The other night, because I had just read Ewald Scharfenberg’s piece on how much the government allocated to official media in 2015, a few of my waking madrugada minutes were spent flipping through the Sibci TV channels. As I cycled through the stations,…

Maduro Xi Jinping

Blame it on Beijing

When readers suggested I explore the relationship between Venezuela and China on the blog, I was less than enthralled. After all, pretty much all you need to know about these two countries can be summed up in this headline: That pretty much sums it up: China bankrolls the revolution, and in exchange Venezuela gives it what…