Yesterday we showed [3]that the best performing "developed" markets year to date, and ostensibly the only ones which are positive so far in 2013 (half of which is already in the history books), are those of the US and Japan. We will leave it up to readers to uncover the common thread between the only two outperforming stock markets in the world.
[4]
However, as the following chart from Perpe [5] 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.
[6]
Truly the shape of "wealth effects" to come.