Charts of US Inflation and European PMI

Published 23 September, 2011, 08:13, CEST+1 | By the trader

With Fed’s latest Operation Twist, the Inflation breakeven curve has also “kinked”. Below chart showing how inflation expectations have changed.

While the Fed is Twisting the Market, PMI figures have been coming in rather poorly in Europe. Judging by these figures, we will soon get negative GDPs.