ENCOVI 2016: A Tragedy in Numbers
In Venezuela, the government no longer makes the results of its official household survey public, so independent researchers have started running their own large survey. What they find for 2016 is distressing.
Financial Dibujo Libre: The Nomura Repo
How do you borrow money without borrowing money? By selling a bond while formally agreeing to repurchase it three years later.
Debt Sustainability from 30,000 Feet
Sooner or later, Venezuela will likely have to restructure its debt, and it's high time to begin planning for that scenario.
How to Create 6,111,708,711 New Problems
Maduro just announced he wants to withdraw all 6,111,708,711 Bs.100 banknotes from circulation in 72 hours. Seriously.
Schrödinger's Coupon Payment
Bondholders say they never got the interest payment PDVSA was supposed to make last week. PDVSA is adamant, 'of course we paid!' Confused? So is literally everybody else!
How Multinationals Peace-Out
Multinationals are selling their Venezuela operations, sometimes for 0 cash in return. Viva Chiabes!
The Charade is Over
We've been waiting 18 years to call their bluff. And tonight, we did.
PDVSA Swaps the Swap
Realizing its original swap was about to flop, PDVSA comes back with an offer that will leave Wall Street around a billion dollars richer, and you exactly the same amount poorer.
Frank's top 10 (+1) essential Twitter accounts to get your fix of Patria
It’s a wild world out in Twitterland. What’s good? What’s worth it? These are Muci’s top 10 picks to stay in the loop of Venezuela’s distopy-in-development.
Adventures in Cui Bono
Who wins when Venny bonds tank? This Crónica Imaginaria (read: fiction) challenges you to think it through.
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