Skip to content
Archive of entries posted on 22nd January 2018

The mess in Venezuela. Good news for our banks. The urgency of getting a second opinion.

Venezuela has the largest oil reserves on the planet. It is a basket case, among the worst on the planet. Food is scarce. Children are starving to death. It relies on its oil to fund the government, to import oil equipment spares (oil is nationalized) and to buy medicines. Oil production dropped  30% last year. […]