Venezuelan Inflation Hits Either 563% Or 844% (Take Your Pick) – 2Y Yield Now 62%

Federal Reserve Chair Janet Yellen is wishin’ and hopin’ that US inflation somehow climbs to 2%.  Core PCE price growth is currently 1.39% YoY.

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Now let’s check out Venezuela. The inflation forecast for Venezuela is 563%.

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But Professor Steve Hanke at Johns Hopkins claims that their annual inflation rate is 844.22%.

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Venezuela’s 2 year sovereign yield is now a gut-wrenching 62%. And their sovereign yield curve is deeply inverted (who would want to lend to Venezuela and Maduro over 20 years?)

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Venezuelan President Nicolas Maduro should go back to driving a bus, his original occupation.

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