Ecuador: Chavez Mini-Me on Roids
I had a post all ready to go on Ecudaor after last week's news that they were planning on becoming the newest Latin American deadbeat, but I dithered and Mary O'Grady's column today does the job.
Also, something I didn't know...CANTV, the Venezuelan telephone company that Chavez is expropriating, is 20% of the Caracas stock market. And it is down 20% recently on Chavez's plans. Watching the money flood out of Venezuela is and will be astonishing.
Finally, seems like those lower crude oil prices are cutting into the social spending budget and OPEC members are selling their rainy day funds to keep the balls in the air.
Also, something I didn't know...CANTV, the Venezuelan telephone company that Chavez is expropriating, is 20% of the Caracas stock market. And it is down 20% recently on Chavez's plans. Watching the money flood out of Venezuela is and will be astonishing.
Finally, seems like those lower crude oil prices are cutting into the social spending budget and OPEC members are selling their rainy day funds to keep the balls in the air.
posted by Donny Baseball at 8:39 AM
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