Mish / Mike Shedlock – FED And ECB Smokescreens To Print Money – 25 October 2012

Fresh on the heels of ECB president Mario Draghi’s Lies In Defense Bond Purchases, Including a Warning of Deflation comes news of an unexpected rise in Eurozone price inflation.

Economists had expected price inflation to drop, instead Eurostat reports Euro area inflation estimated at 2.7% up from 2.6% in August.