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%.
Both the Venezuela sovereign yield curve and Petroleos de Venezuela 5Y CDS curves are saying the same thing: “Goodnight Irene.”[1] Or Goodnight Venezuela.
