The Real Economic War
In a horror-film style video that is the Price Control Police version of the Blair Witch Project, SUNDDE proves it wants to bankrupt every business in Venezuela, before 2016 is over.
In a horror-film style video that is the Price Control Police version of the Blair Witch Project, SUNDDE proves it wants to bankrupt every business in Venezuela, before 2016 is over.
Instead of obsessing endlessly on the DolarToday rate, we'd do better to track the percentage of public sector imports that come in at the crazy Bs.10/$ rate. That's the fuel that's feeding the hyperinflationary bonfire.
As the bolivar goes into free-fall, we present a comprehensive reform plan to guarantee Venezuela never faces acute economic instability again.
It used to take ten years for market forces to catch up with OPEC production cuts. Now it takes a couple of weeks.
As the bolivar goes into free fall, we mark an especially poignant milestone: the brief instant the bolivar reached 1-to-1 parity with the Colombian peso, before rocketing right past it.
Free cash is a good idea? Really?!
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!
The Venezuelan government is being destabilized by a part-timer. Yes. Really. Click through for the scarcely-believable details.
An explanation for non-economists on how, even if you solve all the macro-problems, the economy is still going to suck because the micro-framework is screwed up as well.
Multinationals are selling their Venezuela operations, sometimes for 0 cash in return. Viva Chiabes!
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