Ryan Sellers is a former open outcry market maker from Chicago who traded on the floor for years in the early 2000's. He's also the originator of the @OpenOutcrier Twitter handle, an invaluable resource for traders that started many of the day-to-day nuances we see on FinTwit nowadays. His team of traders and news junkies have turned their once casual Twitter appearances into a full fledged news feed service - we talk about the evolution of OOC, how his team got started, how they trade, what life was like on the open outcry floor, whether or not he remembers being at a club with me in Las Vegas this past summer and more. For more information: www.openoutcrier.com
We compute the implied annual inflation rate on a daily basis by using PPP to translate changes in the VEF/USD exchange rate into an annual inflation rate. The chart below shows the course of that annual rate. With Venezuela’s change in exchange rate system, we have seen inflation slow down. Regardless, today's implied annual inflation rate is 6230%/yr, still the highest in the world (see the chart below).