No. of Recommendations: 1
What's life like under these political and inflationary conditions?

Depends on whether you have hard currency or not. Economic mismanagement is a race to the bottom. What I keep telling people is that this is not something that started with Chavez, it has been ongoing since 1983 or thereabouts. Before Chavez inflation/devaluation was around 35%, it accelerated with Chavez and its now in hyperdrive with Maduro. The US is threatening an oil boycott that would make things even worse.

I inherited some Venezuelan stocks in 1977 and promptly sold them all and put the proceeds in my US account. The only thing worth investing in back then were PDVSA dollar denominated bonds but no longer.

Denny Schlesinger
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