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