CON GAME?

Forget Romeo and Juliet. ECB bankers are saying: "Inflation. Where art thou?"

In our End of the Day post we raised the issue, saying officials in the EU and Japan don't go to sleep at night asking for rain; they're praying for some inflation. The proof of the praying is in this excellent graph from http://www.marctomarket.com.

Another way to view it is, it's a little con game. Overstate inflation to dress up the picture.