Watching a $250,000,000 Heist, Live on your Bloomberg Terminal
The really strange thing about that radioactive Central Bank-Goldman Sachs bond deal is that it looks less like a corrupt guiso and more like a straight-up gift to Wall Street.
Economy
Meth Finance
We thought we’d plumbed the depths of awful government financing deals. But BCV's deal with Goldman Sachs is a new, appalling low.
Morality of Venny Bonds: the Foreign View
If you're invested in Vennys that mature soon, you're invested in misery. I called some contacts on the Street to find out how they think about this. Mostly, they don't.
One million percent later
The price of a dollar is now one million percent higher in bolivars than the day Hugo Chávez was sworn in! Hay Patria!
What’s left at the bottom of the barrel
Wondering where the heck the government can still scrounge up some cash to keep the show going that little bit longer? Here is a list of dismal “options.”
An Inconvenient Fact: Not all debt requires National Assembly approval
The claim that “new debt cannot be contracted without Assembly approval” has been one of the opposition’s most effective lines of attack against. Unfortunately, as a matter of law, it’s mostly wrong.
Half-baked Socialism: A Glimpse Into Venezuela's Bread Crisis
A panadería owner explains the harrowing reality of having to run a business that feeds Venezuelans, under the State's coercive watch.
Lobbying the Enemy
Why is Corey Lewandowski’s lobbying firm taking money from a 100% Venezuelan state-owned enterprise?
The Venny Bond Market Contemplates the End
Suddenly, the Bachaquero of Wall St. trade is dead and the smart money is betting big on the end of the chavista experiment. Here’s why
The Bachaquero of Wall Street Makes One Last Killing
Since last year, short-end Venny bonds have been possibly the one asset class worldwide that can more than double the worth of your portfolio in a year — aside from cocaine. That can't last, obvs, but man has the ride been sweet.
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