En esta página encontrará enlaces a todos los artículos publicados en la siguiente categoría: Economics

05/25/09

Banco Industrial de Venezuela broke for the umpteenth time

by Larry Email  134 words

The Banco Industrial de Venezuela, the biggest state-owned venezuelan bank has gone bankrupt countless times since 1938. This might be its last. And for good.

05/22/09

Chinese Double Gold Reserves

by Larry Email  472 words

The Chinese central bank announced it has nearly double its gold reserves since 2003. In the meantime, Venezuelans scramble to get US dollars from the parallel market. What are the implications of the Chinese move into gold and why should you care about it?

IMF Favours Bank Nationalization

por Larry Correo electrónico  209 palabras

Both the IMF and Hugo Chávez favour bank naionalization. What else is new?

12/12/08

Venezuelan government delays economic adjustment

por Larry Correo electrónico  276 palabras

The Venezuelan government delays the necessary economic reforms, in spite of a global financial crisis. It might be too late when they finally act and then they will probably impose the wrong measures.

12/11/08

85% of the ALBA bank will belong to Venezuelan government

por Larry Correo electrónico  195 palabras

The Venezuelan government has indicated it plans to fund 85% of the 1 billion US$ in capital for the new ALBA bank. For everyday venezuelans this a no-win proposition from the economics point of view. Political considerations are more important to the Chávez administration.

12/09/08

IMF recommends tax hikes in the middle of a recession!

por Larry Correo electrónico  146 palabras

The International Monetary Fund (IMF), is depicted by socialists as a friend and promoter of free markets. However, beyond its rhetoric, its actions and recommendations are far from free market friendly. This time they recommend Central American countries to hike tax collection in the middle of a recession.

12/08/08

November CPI: up 2.3%

por Larry Correo electrónico  160 palabras

The venezuelan central bank reported inflation in November went up 2.3%. This year alone the NCPI has increased by more than 27% and by the end of the year it will likely be over 30%.

08/13/08

Boden 15: A trick gone awry

by Larry Email  647 words

Last week, Hugo Chávez announced he had bought 1 billion dollars worth of Argentinean bonds, a new lot of the so called Boden 15. In my first analysis of the transaction I wanted to focus on the open hypocrisy of Hugo Chávez, who supposedly lends Venezu…

08/08/08

Hugo Chávez is no altruist after all

by Larry Email  242 words

The Venezuelan Government Hugo Chávez announced last Tuesday he had bought 1 billion US dollars in Argentinean bonds (Boden 15) in another big favor he's conceding his good friend and troubled Argentinean president Cristina Fernández de Krichner. Chávez…

08/06/08

Guilty until proven innocent

by Larry Email  274 words

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