Wednesday, February 24, 2016

Market Calls For 'Regime Change' In Venezuela


Regime change might be coming to Venezuela. No, not “that” regime change of shock-and-awe geopolitics. More of a home-grown one born of economic crisis and failed policies of the Nicolas Maduro government. The opposition is gaining strength and it may not be long before something of political significance changes the landscape in Venezuela. Maduro’s recent solution to the crisis was more of a “damn yankee” blame game. And an attempt to buy support from the country’s ever increasing poor population. Last week’s marathon presentation by President Maduro showed he is still channeling the late Hugo Chavez, who ruled over an economy that had some side benefits of high oil prices pre-2008. The Great Recession pulled the rug out from under Chavez, who passed away in 2014. Maduro was his Foreign Affairs Minister at the time. More…

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