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...
[3]
h/t @ReutersJamie
And across the spectrum risk is higher...
[4]
It appears, Mr. Draghi, your "whatever it takes" was simply not enough! And remember - this Q€ was front-loaded!!
Charts: Bloomberg
