The Venezuelan State’s Money Pit
State-owned companies in Venezuela report losses that exceed allocated budgets for health, education, housing and social security. Oh, and we don't know how many state-owned companies there are. Iceberg, meet tip.
Economy
We have a Budget! Let's Break it Down.
One more year of revolution, one more annual budget. Where is Maduro getting all his money and how does he plan to spend it? Anabella giddily takes one for the team.
As Venezuela drowns in price controls, Olivares calls for more water
As National Assembly member for PJ José Manuel Olivares calls for new price controls on private health clinics we ask: have we learned nothing? Like, literally, nothing?
How long is it going to take to crawl out of this hole?
Miguel Angel Santos and Douglas Barrios get specific on a question we usually answer in airy generalities.
On DICOM, Chavismo Mágico, and Failed Attempts at Randomness
There's an underpaid intern somewhere in a BCV basement office trying his damnedest to make our exchange rate spread look like a random number. He's failing.
Plumbing the Depths: A Look at Maduro's Finance Ministers
Dumb and Dumber and Dumbest...and Then Even Dumber Still Somehow
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.
A Very Chavista Reform
Any reform that gets this government from point A to 2019 and marginally improves the current situation is solid gold in chavismo's handbook. Let's to put on the red beret and think economics like a chavista would.
Are Bitcoins the Answer to the Venezuelan Crisis?
Widespread decentralized money might just mark the start of a new chapter in the history of economics...but not quite yet.
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.
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