PDVSA Sanctions: How bad is it?
With sanctions on the Venezuelan oil industry a distinct possibility, here are the ugly and uglier aspects of an unprecedented blow to our economy.
Economy
Venezuela's Energy Policy is its own Opposite
Going by recent official statements, Venezuela plans to both privatize more of and nationalize all of its oil industry.
Leonardo Vera and the Art of Stabilization
What do we need to do to bring our economy back from the abyss? From hitting up multilaterals to reforming the Central Bank Law to launching a brand new currency, Professor Leonardo Vera has a plan.
Why the 2018 Recovery will be Nothing like 2004
Think the economy can bounce back from the current crisis quickly, like it did after the paro petrolero? Think again.
Chronicle of a Currency Crisis Foretold
The value of the bolivar is collapsing at a frightening speed amidst a hard-currency crunch and disastrous FX shenanigans. Tipo: normal.
Gold Reserve Lines Up for some Hunger Bonds
Nine years after Hugo Chávez expropriated Las Brisas mine, the bill comes due. But how do you pay a billion dollar bill when you’re fresh out of cash? With Hunger Bonds, of course.
The PDVSA 22s Must be Investigated
Without a proper, impartial investigation we’ll never know who walked off with hundreds of millions of the Venezuelan public's money in this plainly improper transaction.
Corruption and Phantom Bonds
Forget about playing to bankers’ sense of right and wrong: selling out public assets for much less than they’re worth is a crime, a ‘delito de salvaguarda.’ That’s where the focus should be.
VENZ36: Insult to Injury
We’ve run out of metaphors to describe the sickening vandalism of Venezuela’s public finances. The specifics of the VENZ36 deal admit just one word: obscene.
Goldman is Bad. The Government is Much Worse
Goldman deserves the heat it's getting for financing the Venezuelan government, but the real scandal is that the Revolution sold its soul to Wall Street. MUD should repeat that to chavistas like a mantra.
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