[wiggen]

With the exception of oil,i can tell you i’ve not been in the commodity inflation crowd.
My own belief is we will continue to need to sell more debt to a pool of less willing buyers. This country,again my belief,will continue to see stubbornly high unemployment and the corollary extension of social programs which will of course feed our need for capital.
Businesses for the most part,having fired many workers are finding they can get along just fine without them due to productivity gains. The uncertainty of their future liabilities due to this administrations programs will further diminish their appetite for new help.
This pool of unemployed is massive and no matter how they play with the numbers,discouraged workers my butt,the reality is no administration is going to allow millions to be living in tents.

[JasonC]

Nobody is living in tents. It is absurd hyperbole and a perfect example of the ridiculous doom mongering crap being spread by lying whiners of all parties. Never in history has so pampered and spoiled and fat and lazy a people moaned so loudly at their supposedly horrible hardships. Vomiting Roman patricians had more class.

Rates don't rise due to economic weakness or high productivity, but due to their opposites. Eventually short rates will go higher because lower than zero does not happen. Americans will save to finance their own capital investment - the horror, the horror.