The fear of deflation is beginning to wain. After falling for five straight months, US inflationary expectations are again starting to rise. This is consistent with a recent trend in the bond market, where long term yields on government paper have also increased.Could it be the combined effect of a massive fiscal spendfest and the Fed's threat to crank up the printing presses?
4 comments:
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Here's your Valentine's card.
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xxx
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Well, that was weird.
Inflation (US now UK in 6-8 months) heading upwards to dissolve all that unaffordable debt - surely not ....
The mystery is why anyone would think this isn't the plan.
You'll have to add more numbers to the Y axis when June's figures come in!
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