Remember this story yesterday when Bloomberg Venezuela tried to make the market panic about the Bolivar Fuerte (VEF) currency and how it was going to hell and how we were all gonna die and stuff, and how your truth-seeking Otto showed how they covered up their crappy analysis?
Well today the VEF strengthened from 4.80 to 4.35 versus the dollar, a simply enormous move for a currency of 9.375% in a single day. Here's the chart, and you'll be amazed to find out that.......
Well today the VEF strengthened from 4.80 to 4.35 versus the dollar, a simply enormous move for a currency of 9.375% in a single day. Here's the chart, and you'll be amazed to find out that.......
.......Bloomberg decided not to make a big song and dance about this. I wonder why? So this next picture is dedicated to you, Matthew Walter.
Milk and sugar with that, Matthew?