The Venny Bond Outlook 2017: Out of the woods?
Venezuela shocked markets once again by sustaining its suicidal willingness to pay. Can Maduro sustain this high-wire act performed by a drunk, who has vertigo?
Why the black market dollar's gone haywire
The recent spike in the black market dollar has taken some by surprise. It shouldn't have: the minute we heard Maduro talking about messing with the banks' reserve requirement to fund "urban agriculture", we reached for our wallets.
MUD: Don't Let us Down
I stopped to buy a loose cigarette in Sabana Grande yesterday and gazed into the face of learned helplessness. MUD, don't let us down.
The Bachaquero Death Spiral
It’s not enough to understand the economic dynamics behind bachaqueo. We need the courage to look at the moral dynamics of a system that empowers crooks as they eviscerate the nation.
In the Name of Urban Agriculture, Maduro Adds Fuel to the Inflationary Fire
The latest encroachment of Nicolás Maduro over the Central Bank threatens to unleash a wave of inflation… In the name of matas de paracetamol
The Swap is a Trap
PDVSA is testing the waters for a long-awaited ‘swap’ of PDVSA 2016/2017 bonds. But the exercise could prove so costly, it may just not be politically or financially sustainable.
Muerto en Vida: A Glimpse into the Metro's Buhonero Mafia
My friend’s terrifying run-in with the way the mafia behind the metro's itinerant hawkers protect their turf.
The Big Forks: who's grabbing Venezuela by the Bonds?
We've got billions and billions in bond debt, but who's lined up to get the $$$ if and when we we pay?
We are not the kids we used to be
Maduro is Yoko Ono. Discuss.
A Tug of War with the Country in the Middle
Stop me if you’ve heard this one before: the VP for the Economy is signalling a unification in the foreign exchange regime. Maduro's far left advisors are working to block him. Who’s actually running economic policy around here, anyway?
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