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New Venezuela’s Central Bank President Tries to Pull A 1984 Fast One 23 Aug 2013 | 12:23 am
Was reading the news coming out of the Central Bank’s press conference on GDP with some skepticism when I saw a line go by: The (new) President of the Venezuelan Central Bank (Eudomar Tovar) said ” T...
Writers Block About The Absurdity Venezuela Has Become. 20 Aug 2013 | 06:20 am
So, Maduro wants to fight corruption. Where should I begin?: Antonini, Illaramendi, Giordani/Fonden, Bolivar 2000, Fernandez Barrueco, Arné Chacón, Argentinean Bonds, Structured Notes, PDVAL, Chávez f...
A Tragic Statement About Venezuela 15 Aug 2013 | 09:32 pm
Whenever something like the deplorable homophobic spectacle of the National Assembly two nights ago occurs, I prefer to stand back and allow it to sink in before I write something. In this case, I hav...
Did The “Pragmatists” Win A Battle In Venezuela Today? 14 Aug 2013 | 07:39 am
The pragmatists “triad” Merentes, Porras and Tovar. When you come down to it, about the only positive silver lining in the 100-plus days that Nicolas Maduro has been President of Venezuela has been t...
The Gigantic Failure Of The Bolivarian Revolution In Two Graphs 11 Aug 2013 | 10:10 pm
People still want to defend the Bolivarian revolution. The poor they say, the Justice they dare mention. Democracy, they claim, simply making me laugh. But the following two graphs sum up why the Bol...
Supreme Court Rejects Election Challenge, Fines And Orders Capriles Investigated 8 Aug 2013 | 08:32 am
The surprise today was not that the Constitutional Hall of the Venezuelan Supreme Court rejected as inadmissible Henrique Capriles’ challenge to the election results in a one page decision. The surpri...
Venezuelan Government Fails To Pay Sidetur Bonds 6 Aug 2013 | 06:04 pm
For fourteen years, President Hugo Chavez said and boasted that despite everything, his Government had always paid its bonds on time and honored all international debts. And he was right, even after t...
Everyone In Venezuela Is Into Arbitrage 5 Aug 2013 | 03:52 am
When Adam Smith suggested or showed that economic self-interest maximizes economic welfare, I don’t think he had in mind the economic self-interest that is promoted by the arbitrages available unde...
Maduro’s New Gaffe Places Raises Doubts About His Capabilities 4 Aug 2013 | 08:25 pm
You have to wonder about Maduro’s intellectual capabilities. He goes from gaffe to gaffe, insulting countries, showing he does not even know Venezuelan states and the like. For a man that was Foreign ...
PDVSA Creates Privatization-Like Program To Increase Oil Production 30 Jul 2013 | 04:24 am
In one of the most intriguing, and positive, news to come out in Venezuela in quite a while, PDVSA presented a project to reactivate more than 1,000 oil wells in the Lake Maracaibo area, by asking ...
