In their latest Daily Chart, The Economist has another one of those “Stocks in 2011″ summary graphics that, despite all the buzz about large-cap stocks in the U.S., reinforces the point that it was a rather dismal year for equities around the world.
Don’t get too excited about equity markets in Venezuela – inflation there is running at 29 percent, a level that, according to The Economist’s weekly Output, Prices, and Jobs makes them an extreme outlier in a world of generally low reported inflation. Only two other countries have double-digit inflation – VietNam at 18 percent and Pakistan at 10 percent.
