Au contraire, M. Denninger.
“Au contraire, M. Denninger.”
If we’re facing hyperinflation in the next 10 years, why are people willing to buy treasury bonds yielding 2.33%? They would be crazy to do that if even significant inflation is in our future. The bond market could always be wrong, but it is entitled to considerable deference IMO- bond purchasers tend to be saavy folks.