Maduro tells Central bank he expects 5% deflation in November because of the mandatory price cuts

Thursday, November 28th 2013 - 10:31 UTC

Full article 10 comments

President Nicolás Maduro has sent clear messages to the Venezuelan central bank arguing that following the 'economic war' he declared on big business and hoarding with the mandatory cuts in prices, November should register “5% deflation and not inflation”. Read full article

Comments

Disclaimer & comment rules

Anglotino
God he really has no economic knowledge whatsoever! Though I guess the bus driver's test readily didn't cover the causes of inflation.

But does he “expect” or “request” 5% deflation?
Nov 28th, 2013 - 11:26 am - Link - Report abuse 0
-+
Conqueror
@1 You don't understand. The “little bird” told him. In private of course as NicolARSE MADuro is tired of watching people rolling around the floor and being sick over him! Even if the miracle of 5% takes place, does he not understand the difference between 5% deflation and 5% reduction of inflation? In the UK there used to be a comedy series called “On the Buses”. Not as funny as this. Don't want to be cruel to the ordinary people of Venezuela, but this is what you asked for. Enjoy.
Nov 28th, 2013 - 01:23 pm - Link - Report abuse 0
-+
Pugol-H
With his new powers he can probably get his desired figures, or else!

Whether anyone in Venezuela can afford (hard dollars) to re-stock once the now discounted items are gone, is another matter. And with nothing to be sold there will be no inflation of prices.

Ultimately you can’t “decree away” the type of economic problems Venezuela has, Maduro is only making things worse, much worse.
Nov 28th, 2013 - 04:51 pm - Link - Report abuse 0
-+
Lou Spoo
I can't look at Maduro without thinking about the scene from Blackadder goes forth where General Melchett is looking at ways to boost morale.

Melchett:
“Field Marshal Haig is concerned that this may be depressing the men a tadge , so he's looking for a way to cheer the men up”

Blackadder:
“His resignation and suicide seem the obvious answer”
Nov 28th, 2013 - 04:51 pm - Link - Report abuse 0
-+
LEPRecon
@4 Loo Spoo

Brilliant! Absolutely brilliant!

You should send that suggestion to Venezuela's Ministry of Supreme Happiness.
Nov 28th, 2013 - 05:06 pm - Link - Report abuse 0
-+
Lou Spoo
@5

I could send the boxed set of Blu Rays. I hear they can pick up a player at half price these days :)
Nov 28th, 2013 - 05:09 pm - Link - Report abuse 0
-+
golfcronie
@6
You are too late, all sold out. you can get one on the blackmarket I understand, it is one blu ray machine for two bottles of milk.
Nov 28th, 2013 - 06:58 pm - Link - Report abuse 0
-+
Anglotino
You were ripped off!

I hear you can get a 70” TV, blu ray player and surround sound system for 1 roll of toilet paper, 100gm sugar, 1L of milk, 250gm butter and a slightly used nappy.

They will throw in a fridge for free which is wasted now that the milk and butter are gone!
Nov 28th, 2013 - 08:55 pm - Link - Report abuse 0
-+
golfcronie
@8
Lucky bugger, where did you get the toilet paper from?
Nov 28th, 2013 - 10:16 pm - Link - Report abuse 0
-+
Anglotino
Traded the first born!
Nov 29th, 2013 - 09:57 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!