financial system is caught between two big problems, the first is the strong uncertainty in the system under the multiple interventions market-rightly or not, create a climate of distrust in the market. That has led some national and international analysts to recommend caution against Venezuelan titles, in view of the widespread crisis that keeps the system.
Additionally, we observe the degree of confidence in domestic investment and the talent and capital flight that has occurred in recent years.
The second major problem is the lack definition then the strategy of monetary and exchange policy. Take for example the recent allocation of zero-coupon bond auction by the Central Bank, where several brokerage houses were left out, without explanation, not an arbitrary logic.
The result has been waiting for the price of the dollar on the parallel market soared the highest price since mid-January.
government benefits "situation? Not at all, which creates greater mistrust. President calls for employers to meet with him to build confidence, but overnight the expropriated companies, businesses, land and everything that looks like private enterprise. "Trust? Not under these conditions.
Similarly Does it benefit employers? either. Under this scheme, it is difficult to plan ahead, invest, set prices that are reasonable for consumers and allowance for the risk taken by companies.
Is case benefited the financial sector? It is obvious that this sector has had great opportunities to generate resources and has taken, nor is it a benefit. The taboo that gives it the stock market comes from ignorance, in countries like Peru, the rapid growth of the economy came from the savings generated by the tools offered by the financial sector. Thus the empirical evidence shows that in countries where the financial system is developed there is economic growth; just enough to give a look to the development of Brazil and Chile to become aware of this overwhelming reality.
is the people! I regret to say no and if they think so, just simply watch the inflation and shortages that these measures have produced the staples, which are not only food but clothing, footwear, education, entertainment and housing among other .
Moreover, if limited to the financial system, the ability to protect the savings and generate the wealth necessary to ensure a decent retirement, fade more and more as you today, has at least the alternative market to convert their hard currency bolivar and protect the brunt of the loss of value of local currency, but only by limiting the banking system, which brings as a result, are only savings accounts whose performance is years below inflation.
What is the strategy? In my opinion it is a cake of things and precepts antiquated intended to limit the capacity to generate wealth by considering negative. A set of trial and error that is made to see if you can maintain a stabilized economy that has long undermined its foundations.
But this is not important for ordinary people to him what matters is how I carry food to the house today, but you consider this: The Venezuelan economy is like the late La Guaira viaduct and you to put food on the house has to cross every day, by the way that we will one day collapse that bridge and you will stay in one of the two ends or unable to go out and get food, or unable to take her home.
Until next delivery!
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