LOOK at the INSANE Prices In Venezuela!
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Chris Duane Video-LOOK at the INSANE Prices In Venezuela!
MARACAIBO, Venezuela (AP) -- In a city once called the Saudi Arabia of Venezuela for its vast oil wealth, residents of Maracaibo now line up to buy spoiled meat as refrigerators fail amid nine months of rolling power outages that recently got worse.
..Population, Demographics, Income, & Consumption
The once-booming nation is now suffering from Soviet-style product shortages and a mass exodus of citizens fleeing for other South American countries.
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I have a certain degree of acceptance for some things. However, these last two weeks my ability to be surprised has been superseded. The price increase in everything and the difference between the salaries in Venezuela is something unbelievable. How
The Lira and Turkish stocks are sliding notably after Treasury Secretary Steven Mnuchin warned that Washington is preparing more sanctions for Turkey due to the lack of progress on the release of Pastor Brunson.
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The Turkish Lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did.
Throughout July, many sell-side analysts saw the 'stability' in EM assets as a sign that the worst was over and urged investors to pile back in to take advantage of 'blood on the streets' in EM at these cheap levels.
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Two weeks ago, Morgan Stanley issued a report looking at the size of moves across all asset classes in the environment of declining market liquidity, and found that "It's not your imagination, large moves are becoming more common in the market."
Some argue that the big-government welfare state is to thank for the reduction in global extreme poverty levels, but they're just plain wrong.
Under-fire Venezuela President Nicolas Maduro admitted his economic model has "failed" in the wake of food and medicine shortages and public service paralysis, such as Tuesday's power failure that affected 80 percent of Caracas.
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Under-fire Venezuela President Nicolas Maduro admitted his economic model has "failed" in the wake of food and medicine shortages and public service paralysis, such as Tuesday's power failure that affected 80 percent of Caracas.
With the next wave of US tariffs set to hit as soon as Wednesday, and with trade negotiations stalled for weeks, Beijing and Washington are said to be eager to trying talks in order to avert a full-blown trade war, according to Bloomberg, citing two
As Greeks attempt to recover from the devastating and deadly wildfires, The IMF has decided to pile on the pain with a new report that raises questions about Greece's debt sustainability, warning that the nation's cash buffer is set to drop by half b
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