10 YEAR TREASURIES COULD GO TO 11%
NO SPIKE, NO DEAL
Fed Chairman Powell currently hopes that by hiking the one interest rate he controls up to today’s 5% (thus matching inflation-CPI- at 5%), that the ‘data’ he looks at will show inflation getting back down to 2% over time.
By contrast I predict that to reverse an inflationary bubble in a paper currency once an inflationary bubble is underway requires Fe…
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