(Almost) Difol Chronicles
The government's never going to tell us what really happened behind the scenes of this week's near-default drama...so we have to imagine how it went down Tropical Mierda-style, instead.
Economy
A Bondholder's Nightmare
The days of crying wolf are over and the Venezuelan default is pretty much here. With such clear signs, why did it find everyone with their pants down?
IMF: Showing Venezuela a Yellow Card on Transparency
Venezuelans are supposed to have a Constitutional right to information, and if our own institutions won’t make good on it, maybe our friends on 19th Street can help.
A debt restructuring that’s really a default that’s really a giant money laundering operation
Announcing an unlikely debt restructuring, Maduro sent Venezuela hurtling down the default rabbit-hole tonight. But what if the announcement's an elaborate bluff, or an elaborate money-laundering exercise? And what if it's both?
The Dip As A Crime Scene
Was the collapse in PDVSA 2017 prices yesterday morning a result of investor jitters or market manipulation?
A-Day is Here [Updated]
By the end of the day, PDVSA has to pay $985,000,000 to holders of its 2020 bond. Is it time to panic yet? [Update: As of 7:47 a.m., Reuters says its sources say PDVSA is paying.]
Cryptocurrency Nation
With all the cash issues that Venezuela is going through, some have dared to experiment. Meet the guys from Portal Grill and their huge dreams about digital coin.
31,109 Bolívares for a Dolar, Today
The dollar doubles to 31,000 in less than two months – textbook late Voodoo Populism.
The Ever Present Niño
Someone needs to tell Basic Industries Minister Juan Arias that the reasons for our recession have nothing to do with El Niño and everything to do with communism.
Introducing the Venezuela Energy Briefing
Figuring out Venezuela’s Energy Industry is not for the faint of heart. Today, we unveil a new report for those with a burning need to crack the PDVSA riddle.
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