Venezuela’s Inflation Rate Just Hit 2,061% (6 Mo CDS At Almost 13,000)

Jon Economy

This is a syndicated repost courtesy of Snake Hole Lounge. To view original, click here. Reposted with permission.
Yes, the US economy like Europe and Japan are suffering from chronically low rates of inflation (unless you count things like home prices,. rent, college tuition, healthcare, etc).
But not Venezuela! They just surpassed the year 2017 in terms of their inflation rate: 2061%!
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Venezuela’s sovereign curve remains steeply downward sloping with short-term rates in excess of 50%.

This post was published at Wall Street Examiner on September 14, 2017.