Bio coming soon more here.
In our first post we explained the apparent paradox of shortages in a time of increased consumption, suggesting that the core problem was Venezuela’s ever increasing dependence on imports confronted by a finite supply of dollars. While GDP per capita only grew by 15%...
In the midst of widespread shortages of basic consumer items in Venezuela, the United Nation’s Food and Agriculture Organization (FAO) gave the country special recognition for its achievements in fighting hunger. According to the international organization, Venezuela...
Venezuela’s May economic numbers were dismal with inflation reaching a 35.2% annualized rate, growth at a 0.7% snail’s pace, and widespread scarcities of basic consumer products. How is this “stagflation” possible in an economy benefiting from oil prices over $100 per...