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The Bigger-est Hockeystick Ever: Presenting The ECB's Latest Inflation Expectations
Back in March, we mocked the ECB's inflation forecasts with a post titled "Mario Draghi Reveals Biggest. Hockeystick. Ever!", which highlighted the ECB's ridiculous expectation that inflation would soar from 0.0% in 2015 to 2016. We though no other hockeystick could possibly surpass this.
We were wrong.
Behold the ECB's latest inflation expectations. Something to note: in March 2014, full year inflation for 2015 was expected to be 1.3%. 18 months later it is 0.1%. But don't worry, the ECB will be spot on with its forecast of 1.1% inflation in 2016 (this was 1.5% 6 months ago), and 1.7% in 2017. Just you wait.
Source: the former Goldman vice chairman currently in charge of the ECB's money printer
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Where gonna need a bigger wheel barrow
Nahhh... MAssive epic biblical crushing deflation dead ahead.
They got the public to think inflation is good. What a trick!
Take statins, they're good for you.
Totally right, that's why the inevitable collapse of the fiat is gonna be a looooong process as they will criminalize anybody saying that after all, cheaper price mau be a good thing for the common man
I bet the warmnicks can create a bigger hockeystick than the Keynesians.
So 1100% increase in inflation by next year?
I make that 16,105% in 5 years.
well it's not like the algorithmic manipulators are going to call their shot before they can front run everyone else to the bottom
going to have to build more super yatch for the super rich...just came back from the Med...and those yatch are gettinig bigger
No sweat.
Draghi is taking some omnipotence lessons from Obama.
He took a sip of his Perrier and replaced a golf divot, so the waters are falling and the Earth is healing.
These projections climb faster and higher than WT1, WT2 & WT7 fell !
Rusty Shorts must be feeling decidedly naked at Draghi's conference.
Maybe we will be be authorised to compare reality with projection in 2 year's time ! (If Chinese rules don't apply in EU).
GWB should feel proud; "that motha's coming down" is now looking hunkey dorey in Draghi Land!
Hmmmm, at some point ya gotta wonder when people will stop listening to this shit.....
Just send the CTRL-P proceeds directly to the plebes. Eliminate the middle man. Then they'll get their inflation. So what if eurostawks tank. Let the people have their slice of the pie I say. /s
I believe you may get your headline, Mr. Ismay. - Captain Smith
DEFLECATION ahead.
Any kind of paper will do the trick.
Mario, eat some mushroom, please.
come on, "biggest hockeystick evah"
I know that for the leverage-savy from 0.00% to 1.70% it's a huge difference, but nevertheless it's still just 1.7% of forecasted inflation
the ECB does include food and energy in this inflation calculation, and both, particularly energy, particularly oil have gone down quite a lot
there are worse things to moan about, imho, then forecasting 1.7% and witnessing 0% inflation. at least in my book