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.
Now let’s check out Venezuela. The inflation forecast for Venezuela is 563%.
But Professor Steve Hanke at Johns Hopkins claims that their annual inflation rate is 844.22%.
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?)
Venezuelan President Nicolas Maduro should go back to driving a bus, his original occupation.