Alí, meet Bernie. Bernie, Alí.
Quico says: It’s funny. Last year, when Bernie Madoff was caught fabricating reports designed to make it seem like he was still holding $50 billion worth of investors’...
Life
Lies, damn lies, and Fonden
Quico says: One aspect of this whole Economic Adjustment story that isn’t getting enough attention is “the development fund that didn’t bark”: Fonden. Sold to us for years...
Chávez Brain-Mouth Malfunction du Jour
Chávez says: “We’re going to face down the separatist intentions of the regional governments in Zulia, Táchira, Miranda, Nueva Esparta and the mafias that stand behind them.” …Zulia…ok,...
What exactly happened on Saturday?
Quico says: In response to my insta-analysis of last night’s economic announcements, a reader who, ahem, actually understands macroeconomics pipes in to say: I really think you are...
The Package that Dare Not Speak Its Name
Quico says: Chávez’s message today, in a nutshell, was that he plans to raise Value Added Tax and cut overall central government spending from BsF.197 billion in 2008...
Chávez's Idea of Austerity
Quico says: Is a 20% hike in the minimum wage!
Parallel exchange market freaks out on fears Chávez is about to move on banks
Quico says: A reliably AAA, gold-plated source chips in with a theory that’s just crazy enough to be plausible. Apparently, on VTV yesterday, Chávez launched into a lunatic...
Paging Leopoldo Carnevali
Quico says: So Chávez’s announcement that, tomorrow, he will unveil a series of “economic measures” (socialistese for “paquete”, apparently) sent me scrambling back to this thread from last...
Pondering whether to cut that anchor loose
Juan Cristobal says: – Today, Venezuela’s Prosecutor General indicted former presidential candidate Manuel Rosales on corruption charges, and asked for him to be tried in prison. This is...
Collapse of Constitutional Government Chronicles, Part 17,348
The 1999 Venezuelan Constitution, Article 13, says: Venezuelan geographic space is a Peace Zone. Foreign military bases, or installations that in some way have military purposes, shall not...
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