Where will inflation be in 5 years ? The market has a very clear answer to that question: it will be too low compared to what ECB wants
(original publishing date: 10/13/14)
This chart shows how central banking in Europe is completely wrong:
When ECB says that it wants an annual rate of inflation equal to 2%, we just can’t help thinking: “Oh do you now ?”
“Printing money will create hyper-inflation”, that’s the argument of “hawks”. Interesting: take a look at the comparison between Europe and the US made in the graph and spot the hyper-inflation.
Can you see the hyper-inflation in the US ? Neither can we.