RSSInvestors In Venezuela Deserve What They Get
J.J. Jackson | May 31, 2007
May 30 (Bloomberg) — Venezuelan government debt tumbled in local markets as people took to the streets for a fifth day to protest President Hugo Chavez’s decision to pull the country’s most-watched television network off the air.Concern that protests will turn violent again led investors to sell dollar- and bolivar-denominated bonds in the local market and move money out of the country, traders said. Police have detained 182 people since May 27, the day that Chavez let the concession granted to Radio Caracas Television expire, Interior Minister Pedro Carreno said last night. “Clearly there is the perception among investors that things could go in any direction at this point,” said Garlina Requena, a trader with Caracas-based bank Corp Banca CA’s treasury desk, in a phone interview. “There’s uncertainty in the air.”
Ok, SERIOUS question here! What IDIOTS are still invested in Venezuela’s economy at this point? Comrade Chavez has been nationalizing the country for how many months now and you people are still invested in it?Did you ever take an economics course? Did you ever study history? Do you understand that every time one of these little communist utopias springs up the economy goes into the crapper?
So why does ANYONE still have ANY money invested there???
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