Its so bad in Socialist Venezuela, the Venezuelan newspaper El Nacional reported Sunday that six (hungry) members of the Venezuelan military were detained by local authorities for stealing goats since they had no food left in their barracks.
Jason Marczak, director of the Latin America Economic Growth Initiative at the Atlantic Council, was quoted by CNBC as saying:
“It’s not a good sign when your military doesn’t have enough food, and when the military has been relegated to guarding and protecting food lines. This is endemic of the problems going on across the country… I think we could be at a breaking point. I think it’s important to pay attention to what’s going on in Venezuela.”
Why should investors care about Venezuela? See: Venezuela Hits Corporate Profits at These US Companies (Reuters)
To read the whole article, How bad is it in Venezuela? Soldiers are stealing goats, go to the website of CNBC. In addition, check out our list of the few remaining Venezuela ADRs here and our Latin America ETF lists.
- In No Good Hands: The Venezuela Crisis and Consequences for South America (Moody’s Analytics)
- Venezuela Hits Corporate Profits at These US Companies (Reuters)
- Why Venezuela Can’t Be Like Colombia (RealClear World)
- Thanks to US Pressure, Maduro’s Reckoning is Coming (The Hill)
- Venezuela is Borrowing Money at Any Cost (WP)
- Socialist Venezuela Runs Out of Beer
- Venezuelan Opposition Threatens Country Won’t Pay Goldman Sachs’ $2.8B Bond Deal (CNBC)
- How Fast Are Prices Skyrocketing in Venezuela? See Exhibit A: the Egg (WSJ)
- Disorderly Venezuela Default on an Argentina scale is Almost Inevitable (FT)
- Why Have Venezuela’s Elites Stuck by President Nicolás Maduro? (NYT)
- Venezuela – A Multi-Bagger Recovery Play?
- Venezuela Seizes General Motors’ Assembly Plant (NYT)
- Petróleos de Venezuela (Pdvsa) Now Verges on Collapse (NYT)
- 5 Major Conservative Victories in Latin America in 2017 (Breitbart)
- Political Reckonings Loom in Pivotal Elections Across Latin America (WPR)