Shielding Wall Street from the debacle
This Reuters article on a Boston forum of Wall Street-type investors is very illuminating. Obviously, the markets are jittery about what is undoubtedly “the worst-managed economy in the world.”...
Economy
Go bold, go big
While we were on break, a Reuters story came out about potential buyers going on a tour of our Citgo refineries – you know, the ones we are...
Money for baseball (and trips for free)
Before the baseball season began back in October, the Venezuelan Professional Baseball League (LVBP) publicly thanked government currency distributor CENCOEX for handling their requests right on schedule. But now...
The $776 lie
Nicolás Maduro raised the minimum wage by 15% last night, starting December 1st. Quickly, government news agencies began spewing the lie – there really is no other way...
Venezuela shows the biggest global drop in the 2014 Prosperity Index
Prosperity is more than just material wealth. It is also the joy of everyday life and the prospect of being able to build an even better one in...
Cracking down on street vendors
The central government has launched a new front in the economic war: going after street vendors (buhoneros) who sell groceries and other regulated products, as well as those who...
Chavismo: Putting the "eek" in "eco-socialism"
Several Twitter users (including world-class freediver Carlos Coste) published multiple photographs of what looks to be a serious oil spill in the beach near the Amuay Oil Refinery...
The electric crisis is about to get worse
An excellent, alarming piece by César Batiz in Clímax highlights the coming gloom for Venezuelans: Guri, the country’s most important dam, is not getting enough water. The dry period is about...
Budgets matter
It must be difficult being a macroeconomic analyst in Venezuela. Case in point: the country’s budget. We all know the government spends via the official budget, which gets approved...
Could the Saudi strategy be working?
Take it away, OilPrice.com … “Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most...
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