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It's true that any involvement with Venezuela will make someone angry, but I don't think it's the same someone. Would shorting them really have angered the opp
by Bartweiss 9y ago
It's true that any involvement with Venezuela will make someone angry, but I don't think it's the same someone.
Would shorting them really have angered the opposition? It seems like a move that would mostly have outraged the Venezuelan government, and having them angry at you is hardly a moral failing.
- rmah 9y agoYes, because heavy action on the sell side means Venezuelan debt prices would go down, which would raise the yield. Which means that future bonds issued by their gov would have to pay a higher coupon. This would definitely anger them.