Indicators Talking Inflation: The Yield Curve Is Not Listening
The rising prices of Gold, Silver, Copper, Housing, Taxi Fares, Gasoline, Oil, Natural Gas, Firewood, Contractor Salaries, Scrap Metal, The US Dollar Foreign Exchange rates all say that inflation is here. However US Treasuries 5, 10 and 30 year bonds have similar the same yields. Usually, those longest term bond yields go far above intermediate term bonds when there are fears of inflation. It would seem to me that someone is going to be wrong. ...