The Venezuela liquidity challenge is getting more difficult. A Barclays report notes that available cash for critical imports is down to just $1 billion and the country is having difficulty leveraging its gold reserves to stave off the credit crunch. In a nation seemingly spinning out of control, the liquidity trap is tightening. A difficult situation becomes “worrisome” as Venezuela liquidity dries up Venezuela liquidity problems are not new, the nation’s attempts to scramble to find capital – and the depths it is going to find liquidity – are “worrisome,” Barclays Analyst Alejandro Arreaza wrote in a December 5 report. In the…
Barclays: Venezuela Liquidity Tightens Even Further As Social Unrest Continues
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.