Wednesday, October 29, 2008

Chart of the day is............

..........the Venezuela parallel exchange rate, August 11th to date.

You see that spike late last week? You see this post I published at that very same time that said;

"Meanwhile, here's a message for (at least) seven readers I know that live in Venezuela and are fortunate enough to get their salaries in US dollars; tomorrow's the day, people....get yourself some of those cheap VEFs."

Toldya so. Another strange thing about the English media is that they'll relate with joy when the VEF sinks against the dollar, but to hear about a 10% strengthening you have to hit the blogs.