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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 371.65

-1.1%

Nov 17 4:00 PM EST

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To: TobagoJack who wrote (146858)	3/12/2019 7:54:09 PM
From: Elroy Jetson	2 Recommendations Recommended By dvdw© elmatador Read Replies (1) of 217840

During the 1970s, Venezuela was the richest country in Latin America. With the region’s highest growth rates and the lowest levels of inequality, it was also one of the most stable democracies in the Americas. But starting in the early 1980s, things fell apart. The nation endured three coup attempts and one presidential impeachment. Per capita growth plunged, and mass protests became the norm. What happened? Venezuela Before Chávez: Anatomy of an Economic Collapse, edited by Ricardo Hausmann and Francisco R. Rodríguez, offers some intriguing answers. - americasquarterly.org . I haven't read the book, but oil prices hit a high of $37.42 in 1980, inflation-adjusted $111.30 per barrel. 1981 $35.75 1982 $31.83 1983 $29.08 1984 $28.75 1985 $36.92 1986 $14.44 inflation-adjusted $32.24 — a 71% decline in price 1987 $17.75 1988 $14.87 The price of heavy Venzuelan crude is usually about 2/3 less - even lower still when other crudes are cheap.

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