I thought I’d give the hornet’s nest a good whack.
Indeed you have. 50+ response, (and it's still early), and all of them are challenging the author's take on the issue. Even so, I've yet to see one reply explain, if the real rate of inflation is 7%, 8%, 10%, or more, why the 10-year treasury is still yielding less than 2%, and has been for a long time now.
Housing/Owner's Equivalent Rent comprises a large portion of the CPI, and I don't know how that has impacted others on the forum. For me, I recently refinanced my home from 5.5% to 3.5%, which is saving me more $500 a month. So, thanks to the bond yields being driven lower by low inflation, my housing costs have dropped significantly.