Jim Grant Has "Difficulty" With Mario DraghiMark Melin
Jim Grant has difficulty “making heads or tails” of Mario Draghi, his choice of arcane inflation measures or his panic that inflation is too low.
In the recent Grant's Observer, Draghi’s selection of the “five-year, five year euro inflation swap rate” as a “clear” measure of future inflation is confusing. “Curious minds will ask how any mortal being, swaps trader or not, can accurately divine distant events,” Grant said, questioning the basis upon which Draghi is making decisions.
Jim . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.