Despite the mayhem that has been caused in markets around the world of late, Hugo Chávez seems to think Venezuela will get off scott-free.
Speaking to state television over the telephone on Thursday from Cuba, where Venezuela’s president is undergoing chemotherapy, he said: “It caught my attention the day before yesterday that the world media reported that all the stock markets in the world fell yesterday, except Venezuela’s.”
His rather questionable conclusion was that Venezuela’s economy must be stable, and that it will continue to strengthen “more and more every day”. In fairness, if Venezuela were like most other countries in the world, that might not be an entirely unreasonable thing to think. But Venezuela isn’t. Continue reading »




















Stefan Wagstyl
Josh Noble
Rob Minto
Pan Kwan Yuk
Jonathan Wheatley