There is a “Plan A” for the oil-rich nation of Venezuela in its $60 billion debt restructuring. But odds are the socialist nation, which once attempted to force private companies to produce goods at a loss to keep down inflation, is on the road to a “messy” debt default, according to Deutsche Bank analysis. [klarman] The Venezuelan government didn’t believe free market powers and supply and demand constraints existed, and now it pays the price “A lot has happened in Venezuela recently,” Analyst Hongtao Jiang writes in a November 21 report and trade recommendation. The government has turned into an economic…
Venezuela's Plan A Not Expected To Work, And Without A Strong Plan B, "Messy Debt Default" Expected
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.