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Draghi Failed: European Inflation Expectations Slide To Pre-QE Level
On March 9th 2015, ex-Goldman Sachs'er Mario Draghi unleashed his long awaiated bond buying program with the premise that it would fix everything... Well, it hasn't!!
Short-term inflation swaps have swung negative once again...
h/t @ReutersJamie
And across the spectrum risk is higher...
It appears, Mr. Draghi, your "whatever it takes" was simply not enough! And remember - this Q€ was front-loaded!!
Charts: Bloomberg
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Annnd... Poof* It's all gone...
Draghi (Drag He) to the gallows.
Simple, as Krugman says, if one aspirin didn't make your headache go away take two, make that 6, just try the bottle. Can you buy it by the case?
What do you mean he's dead....
It'll work on the next guy.
Poor Draghi never had a chance...
In 2015...EU's 0-64yr/old population is declining by a half million while it's 65+yr/old population is increasing by 2 million...and it only gets worse from here. FUBAR.
So now you have a ton of debt to private banks and are in the same position as before, quick do more and expect a different result, other than making some bankers very rich that is because that will happen again when you do more.
Yeah the European (caucasian) population across the glob is in decline, our leaders have done a great job of killing us off slowly and making us not even want to reproduce anymore. Bravo! Is this racist?
uhhh...not sure but Japan and China's demographic collapse is way ahead of the european sphere. Guesss Japanese/Chinese leadership has really turned them off!!! Still, would guess Hillary as prez could send US birthrates through the floor! Her pantsuits could serve as a national birth control plan ushering a new era of mutual abstinence.
Houston we have a problem, more proof that Keynesian economics is a failure.
Nonsense, the magic money machine is still printing, they just haven't printed enough yet, so Keynes and Zimbabwe forever!!!!
da dax ain't got no bidness being over 10K imo
It's time for someone to put their foot down.......and that foot is me.
This year we'll grab the bull by the balls...
This is just proof that we need to print moar.
I'm Paul Krugman, and I approved this message.
It's my sincere hope that the krugster has all the relevance of "this is spinal tap" as a legitimate bio flick when this is all over.
"If we had just pushed this to n+1, it would have worked..."
Nope no deflation here. And the euro isn't a failed oil price hedge-becoming-a-hard currency.
If they couldn't get inflation into the double digits since the introduction of the euro, specifically since 2008, it is a certainty that they cannot do so now. As ZH has explained, but few have comprehended, the ECB (like all CBs) is collateral constrained. They're going to need a hell of a lot more collateral.
Whatever it takes... release the QE KRAKEN!!!
But the money he printed went in some pockets... Those people are very rich now.
the money he printed, actually was borrowed by Euro short sellers and it's now sitting on bonds, stocks, current accounts elsewhere in the world.
Expect the Euro to go up when they have to return that money unless Q€-infinity.
.....meaning buy european stocks, more QE is a-coming
BTW what happened to this shit site, everytime i open it my browser hangs!
adblock plus bitches...
I've got Ghostery and Privacy Badger and everything works fine. Crapload of stuff blocked. Much worse on other sites. Oh, and set your browser to delete everything when you close.
Oh no, the prices are going down. The horror and injustice of it all. My paycheck might buy more, quick somebody do something to stop this cataclysm against humanity.
I know right? Deflation actually indicates INCREASING wealth. They are dead set on inflation and decreasing wealth. Paychecks should buy more not less, if progress in the economy is being made.
MOAR!!!!!!
:)
If this market falls Krugman will HAVE to take the next flight to the moon with Mr Virgin.
Imagine losing QE -Krugman and "I'm a virgin-Branson" in one big awesome hands-on-ZIRP-huge HFT burp- big bang!
Statists will never admit their theories are crap. It's always someone else's fault.