Archive - Jun 29, 2013
Venezuela Is The "New Killing It", And It Doesn't Even Print
Submitted by Tyler Durden on 06/29/2013 05:05 -0500
As the following chart from Perpe showing June performance, who needs money printing when one can generate gobs of "wealth effect" simply by centrally-planning the destruction of their economy, crushing the currency, and living constantly on the edge of a banana republic military coup. Presenting Venezuela: + 40.7% in June and +144% YTD... the occasional toilet paper shortage notwithstanding. Truly the shape of "wealth effects" to come.
