The Global Macro Scoreboard: Venezuela El Paria

With the U.S. applying sanctions, Venezuela's worsening crisis leads our list of global macro issues in digital interest this week.

By Gordon LaForge and Eric Falcon

September 01, 2017
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The Scoreboard shows the global macro issues generating the most interest and momentum in the digital realm based on Predata signals that monitor online conversations about each issue. Signals are built based on digital traffic (in every available language) relevant to each issue and then correlated to a master signal covering all of the issues. The strength of the correlation, shown on the y-axis, determines an issue's rank on the Scoreboard.

Venezuela took the highest spot on the Scoreboard this week, as fresh U.S. sanctions have brought the country's political and social crisis back to the forefront of global markets. Washington's move makes Venezuelan sovereigns and PDVSA corporate bonds personae non gratae in U.S. debt markets. Fitch already dropped Venezuela's debt rating from CC to CCC in response. The sanctions further isolate President Nicolas Maduro, who has already been all but cut out of Latin American diplomatic circles....