Comments on: How much does the Chavez Government have left in the parallel funds? http://devilsexcrement.com/2009/12/27/how-much-does-the-chavez-government-have-left-in-the-parallel-funds/ Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that. Mon, 28 May 2012 10:18:31 +0000 hourly 1 http://wordpress.com/ By: Rene http://devilsexcrement.com/2009/12/27/how-much-does-the-chavez-government-have-left-in-the-parallel-funds/#comment-4154 Sat, 09 Jan 2010 01:26:14 +0000 http://devilsexcrement.com/?p=7617#comment-4154 Miguel, que compañias trasnacionales tienen mucho exposure a Venezuela, se me ocurre Mercado Libre, Telefonica, Diageo, a ti?. Puede ser una buena oportunidad para shortearlas el Lunes, que te parece?

]]> By: Fausta’s Blog » Blog Archive » The last Monday of 2009 Carnival of Latin America and the Caribbean http://devilsexcrement.com/2009/12/27/how-much-does-the-chavez-government-have-left-in-the-parallel-funds/#comment-3895 Mon, 28 Dec 2009 21:17:36 +0000 http://devilsexcrement.com/?p=7617#comment-3895 [...] How much does the Chavez Government have left in the parallel funds? [...]

]]> By: moctavio http://devilsexcrement.com/2009/12/27/how-much-does-the-chavez-government-have-left-in-the-parallel-funds/#comment-3884 Sun, 27 Dec 2009 22:42:34 +0000 http://devilsexcrement.com/?p=7617#comment-3884 Yes, some consumer product companies were already downgraded because of it and one security company announced it would realize the loss. (Brinks)

]]> By: Rene http://devilsexcrement.com/2009/12/27/how-much-does-the-chavez-government-have-left-in-the-parallel-funds/#comment-3883 Sun, 27 Dec 2009 22:38:04 +0000 http://devilsexcrement.com/?p=7617#comment-3883 I think there will be additional pressure on the parallel exchange rate next year as international companies face pressure from Wall Street to cut their losses and repatriate dividends at the parallel rate instead of the official rate (which they have on their books). This will also affect some companies stock prices.

Happy New Year Miguel and thanks for this terrific blog!

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