Venezuela Government Bonds Up 681% Since Chavez

Feb 13, 2013 at 10:37 PM
DailyBail in Bonds, Socialism, bloomberg video, bonds, chavez, venezuela

Socialism pays off big for Venezuela bond holders.

A 681% return since 1999, averaging 15% per year.  Chavez has never missed a bond payment, and the national debt in Venezuela in less than 25% of GDP.

Chavez has also seized more than 8,000 private businesses, and currently pays 12% to borrow in the markets.

 

Article originally appeared on The Daily Bail (http://dailybail.com/).