The feeble Venezuelan markets

As a sign of how weak, feeble and fragile Venezuelan markets have become under Chavez and CADIVI do not miss these two posts by Miguel. You will learn how the shenanigans of a single guy basically killed for a few days half the currency exchange system of Venezuela swap market. We knew we were vulnerable but maybe it is worse than what we thought. Read this first and then this. Keep in mind that Miguel scooped the Venezuelan press and was picked up by big papers for their news. This has to be the biggest blogging coup in Venezuela so far.

-The end-