There is NO, I repeat, NO consistent sign in any of the traditional "thermometers" of inflation: oil prices, gold prices (which are up very slightly, and only over a very short period), or interest rates, which are at post-Depression lows.
When you have home mortgage rates at 6.7%, that, my friend, ain't inflation.
So corporate bond rates are?
Bankruptcies are?
Trade deficit is?
Private and public debt is?
Richard W.