And yet inflation keeps creeping up.
I remember when the interest rate was 18%--that would be the early 80's.
Under 1%. Is this the deflation you speak of?
Our bonds will look good by comparison, so this will help us.
bump
I’ve been saying all along, since late 2007 when derivatives started to unravel due to the “unimaginable” adjustable rate, interest only liar’s loans defaulting at an unusually high rate: they’re going to try to inflate their way out of a disastrous deflationary crash and will eventually overshoot the mark. Nothing that has occurred since then has disproved this speculation.