Seventeen EMEA (Europe, Middle East and Africa) nations still have negative nominal 2 year sovereign yields.
The EU powerhouses, Germany and France, seem incapable of generating inflation (defined here as CPI YoY). And their GDP YoY is pretty bad too (1.10% for France and 1.70% for Germany. At least they are better than Italy with less than 1% YoY.
On the opposite extreme, that poster child of “government gone wild!,” Venezuela, has a 2 year sovereign yield of 30,97% with fellow Socialist nation Argentina at a whopping 18.8%. Brazil is close to the 10% yield barrier at 9.55% for their 2 year sovereign yield.
While Maduro & Company are terrible at economic management, they have been incredibly successful at one thing: inflation! Particularly the black market for their currency, the Bolivar.
So, is Venezuela a “safe place” to park money? Or the USA?’
Here is Venezuela’s El Presidente Maduro indicating what he and his followers have done to the Venezuelan economy. “Bang.”