Explainer: What's the Big Deal About Default
Wondering why exactly economists are so freaked out about a possible default? You're in luck. Here's a 100% jargon-free Explainer anyone can understand.
Economy
The Contrarian's Take: Why PDVSA Might Not Default
On Wall Street, the consensus is hardening: PDVSA will default in 2016. But what if they're underestimating our willingness to just pawn everything and pay?
Why Always Bolívar?
The bolivarian myth has always been about securing the legitimacy of rulers who would be on thin ice without it.
Dispatch from a Normal Petrostate
When oil prices collapsed, the Canadian dollar took a tumble. Consumers took a hit, but for businesses, it was a big boost. Walk with me on a tour of macroeconomic adjustment in a petrostate run by sane people.
Dawn of Venezuela's Minimum Wage
Venezuela's had a minimum wage since the 1970s, and it's always been at the gift of the president. The jury's still out on whether that's a good idea or not.
Is MUD about to waste its chance to rein in the Bochinche Parafiscal?
The limited reform bill to the BCV Law MUD has proposed will do nothing to curb the spending free-for-all that's brought economic chaos to Venezuela.
"Will Venezuela Default?" Watch the Full AS/COA Debate
Thursday's event on Venezuela debt was pretty intense and well worth watching in full.
The real victims of adjustment
The days when Venezuelans would give gas station attendants tips worth huge multiples of what they paid for gas are well and truly over.
BCV's Latest Stealth Report
While you weren't paying attention, BCV put out its QIV 2015 report. It's...everything you'd expect it to be.
VENZ/PDVSA: The Quincena from Hell
Today sees the start of the longest fortnight in the history of the Venny bond market. Brace yourselves.
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