You don’t need to be an economist to recognize the sad, self-destructive pattern of Venezuela’s financial collapse. If you’ve ever had a friend or family member gripped by gambling addiction or a drug problem, you’ve seen it. You know where this typically ends. At the pawnshop. Last week, Goldman Sachs acquired $2.8 billion worth of bonds […]
Source: http://www.washingtonpost.com/blogs/worldviews/wp/2017/06/08/stuck-in-a-death-spiral-venezuela-is-borrowing-money-at-any-cost/
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