Goodnight Venezuela! Venezuelan Inflation Rate Hits 45,668%!

Venezuelans are suffering horribly from government induced inflation. President Maduro’s central “planning” model has been a disaster of epic proportions.  According to Steve Hanke at Johns Hopkins University, Venezuelan annual inflation has hit a staggering 45,668%.

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Both the Venezuela sovereign yield curve and Petroleos de Venezuela 5Y CDS curves are saying the same thing:  “Goodnight Irene.”  Or Goodnight Venezuela.

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