Take physic, pomp

Venezuela Breaking News! Subversive German Bankers Topple TheFreeWorld™ Propaganda Campaign

Those pesky so-and-sos at Deutsche Bank have only gone and upgraded their recommendation on Venezuelan dollar bonds. And not only that, check out the reasoning. Here’s Bloomie:

Aug. 27 (Bloomberg) — Venezuelan sovereign bonds, the world’s highest-yielding behind Ecuador, were raised to “overweight” from “neutral” at Deutsche Bank AG because returns have become more attractive.

(DB wrote that) “The continued improvement in economic data gives justification for optimism”


Dammit guys, how the hell is the constant propaganda campaign about the imminent demise of Venezuela’s economy supposed to work if you people start “investigating” and coming up with “facts”? You’re going to have Moises Naim and Ricardo Hausmann phoning you up and giving you a mouthful today, I’d bet.

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