Ever seen “Weekend at Bernie’s”? Go check it out. Meanwhile now that Chavez’ death is a formality how do you play Venezuelan markets, and what has truly changed?
The Argentina oil industry has been more or less reduced to a utility under a presidential decree announced last Friday. But the new rules don’t provide the kind of monopoly risk profile usually associated with lower margins.
For nearly a decade, Argentina has been isolated from international capital markets after declaring the largest sovereign debt default in history. But now the country is re-emerging.