What do the analysts say about the recent moves by Venezuelan President Hugo Chavez to nationalize much of his nation's economy? We're updating our prior post with two guests from "Power Lunch." Thierry (pronounced Terry) Wizman is Global Emerging Markets Strategist for Bear Sterns. Peter DeShazo is Director of Americas Programs and CSIS.
The two men both agree--this is NOT a good time investing in Venezuela. In fact, Wizman says he wouldn't "touch" the country mostly because of the move to nationalize the Venezuelan central bank. That could affect the exchange rate and thus affect the return investors would get back--mostly on the downside.