In what appears perfect timing, US inflation expectations (as measure by the market) have plunged to post-Lehman plunge lows - falling further even after The ECB unleashed Q€ last week... we are sure The Fed will be 'patient' and dismiss this as a good dis-inflationary trend that is merely 'transitory' but isn't it ironic...
US Inflation expectations hit post-Lehman lows...
and then the IMF comes out and says...
- *ECB QE KEY TO COMBATING DEFLATION RISK, IMF OFFICIAL SAYS
Which appears to be an utter failure in that regard...
Charts: Bloomberg
