Venezuela

Our long-held view that investors have underpriced the risks of policy-induced turbulence in Venezuela have been vindicated this week, with a significant sell-off in the country's... 2009-12-04

BMI View: Tensions between Venezuela and Colombia remain heightened, due to the formers' belligerent rhetoric and recent destruction of bridges straddling the border. Although the... 2009-11-27

BMI View: Third quarter GDP figures show significant lingering headwinds in the Venezuelan economy, both in the oil and non-oil sectors. Given deepening macroeconomic asymmetries... 2009-11-18

Our suspicion that the gravity-defying rally in Venezuela's outstanding international bonds would eventually be subjected to the laws of physics appears to be playing out. The yield... 2009-11-17

BMI View: Although the economy may be enjoying some temporary tailwinds at the moment due to higher oil prices, structural policy-induced imbalances, are, if anything, getting more... 2009-11-12

Our long-held view of spread compression between the benchmark 5-year credit default swaps (CDS) on Argentine and Venezuelan sovereign debt has been amply vindicated in recent weeks,... 2009-10-23

Despite the confident rhetoric surrounding the currency union between five Latin American economies, we doubt the Sucre will have any appeal beyond its immediate members. Economic... 2009-10-22