Over a cliff, where is the International Response . And i only just read one paragraph here because i think it sums up the situation we confront. Its been more than a hundred days of ongoing opposition protests with more than 100 killed and thousands injured in violently repression by the maduro administration. With 176 inflation, many basic Food Supplies unavailable and what food can be found is distributed corruptly. Last year infant mortality shot up 30 reaching the levels of the poorest of the poorest subsaharan african nations, despite possessing the Largest Proven Oil reserves in the world and i cant tell you how many people who are not familiar with venezuela can understand that, the Largest Proven Oil reserves in the world nine in ten households are hungry or in risk of hungry and the piece goes on saying ultimately normally this would be a time when the International Community would step in using all available leverage to promote stabilization and peace but that hasnt happened
And that is what brought us here. Not that time there was a puerto rico referendum that shows since march that year. That is the problem. Not allow the government to play games. Translator okay come on the topic of new sanctions. Yeah, well we will see we dont see the process of the oil sales the venezuelan people. [speaking in native tongue] translator the expectations are the maternal of the they are higher than places like theory and they are the worst in the country. We are seeing at the dominance arise that had been eradicated decades ago. People are dying because they are not receiving treatment for their chronic illnesses. None of the oil profits benefit the people. They are going to the regime. They are being used to buy support. They are being used to buy the weapons of oppression. They are being used to kill venezuelan and true owners of the resources at backcountry the regime is using for a salve. So, i dont see the oil profits going to the people. I do believe that there ar
Yes, inflation has come down. We have gone through a string of lower inflation. I do not think it dissuades the fed from doing what they had planned to do. The fact that inflation is being made out the way it is and the decision could be driven by it, i assume that they will not be data dependent. It is going to be employment and other things driven, which is doing very well. The fact that they may not tighten or may take remedial measures because of low inflation, that is news. Yellen is getting dovish and the market has gotten a little short as well. And it plays into that and trend and the market has gotten , a little short as well. I think this is a fed the has to wait until they see the whites of the eyes of inflation before they raise rates again. I think we have to understand what kind of environment we are and it is still supportive of being in risk assets. Theres a lot of complacency in the risk market and i wonder when the fed actually does raise rates and starts to reduce th
Yes, inflation has come down. We have gone through a string of lower inflation. I do not think it dissuades the fed from doing what they had planned to do. The fact that inflation is being made out the way it is and the decision could be driven by it, i assume that they will not be data dependent. It is going to be employment and other things driven, which is doing very well. The fact that they may not tighten or may take remedial measures because of low inflation, that is news. Yellen is getting dovish and the market has gotten a little short as well. And it plays into that and trend and the market has gotten , a little short as well. I think this is a fed the has to wait until they see the whites of the eyes of inflation before they raise rates again. I think we have to understand what kind of environment we are and it is still supportive of being in risk assets. Theres a lot of complacency in the risk market and i wonder when the fed actually does raise rates and starts to reduce th
I do not think it dissuades the fed from doing what they had planned to do. The fact that inflation is being made out the way it is and the decision could be driven by it, i assume that they will not be data dependent. It is going to be employment and other things driven, which is doing very well. The fact that they may not tighten or may take remedial measures because of low inflation, that is news. Yellen is getting dovish and it plays into that trend. The market has gotten a little short as well. That also plays into it. I think this is a fed the has to wait until they see the whites of the eyes of inflation before they raise rates again. I think we have to understand what kind of environment we are and it is still supportive of being in risk assets. Theres a lot of complacency in the risk market and i wonder when the fed actually does raise rates and does start to reduce the Balance Sheet if the market does not have to go through some sort of readjustment process. Jonathan joining