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Non-Tech : Kirk's Market Thoughts
COHR 151.47-4.9%1:30 PM EST
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To: rdkflorida2 who wrote (4540)12/12/2016 9:56:48 AM
From: Kirk ©2 Recommendations

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Investor Clouseau
mary-ally-smith

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What lessons can we learn from Venezuela?

reuters.com
  • "Paying a restaurant or supermarket bill without a debit or credit card can often require a backpack full of cash."

  • Authorities on Thursday are due to start releasing six new notes and three new coins, the largest of which will be worth 20,000 bolivars, less than $5 on the streets.

  • No official inflation data is available for 2016 though many economists see it in triple digits. Economic consultancy Ecoanalitica estimates annual inflation this year at more than 500 percent.
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