PDVSA Swaps the Swap
Realizing its original swap was about to flop, PDVSA comes back with an offer that will leave Wall Street around a billion dollars richer, and you exactly the same amount poorer.
Economy
When you need two and a half years and $3.2 billion to recover the capacity you've lost in six months
After wasting precious trying to get a Colombian trucking company to drill oil wells, PDVSA signs a minimally credible deal to stanch the production hemorrhage.
In the Name of Urban Agriculture, Maduro Adds Fuel to the Inflationary Fire
The latest encroachment of Nicolás Maduro over the Central Bank threatens to unleash a wave of inflation… In the name of matas de paracetamol
¿Con qué se come el Inflation Tax?
Economists have this maddening habit of talking about the "inflation tax" without caring that nobody has any idea what they're talking about. Here, we'll make it simple.
PDVSA #SwapeameEsta
Leave it to PDVSA to make the biggest financial announcement of the year via a Facebook post. We took the time to demystify the deal PDVSA is offering and ask: is The Swap going to succeed? Or is PDVSA miscalculating badly?
The Financial Industry: No Longer an Exception
Until relatively recently Venezuela's financial sector floated above the maelstrom of economic dislocation all around. But the economic crisis now engulfing Venezuela is now so big, it’s no longer possible to escape unscathed. Here's why you should care.
Big Companies Can't Get Their Dollars out of Banco de Venezuela
Banco de Venezuela is not letting its clients freely transfer their own dollars out of the bank. Why?
Everything you ever wanted to know about price controls but were afraid to ask
Anabella Abadi and Carlos García-Soto wrote the book on Venezuela's price controls. Spanning nine decades of economic folly, it's a labour of love. Literally.
The Opposition Reacts to the Minimum Wage Hike
The minimum wage hike is a thorny issue for the Venezuelan opposition, pitting its populist instincts with the demands of economic rationality. So how did they do? Not great.
Hugo Chavez, Mariscal Sucre and Elon Musk Walk Into a Bar
Tyranized by the urgency of crisis, Venezuelans have stopped talking about Energy Strategy. Eventually, we’ll look up from our navels and realize we need one. When we do, there are three names that need to be at the heart of the conversation: Hugo Chavez, Mariscal Sucre and Elon Musk
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