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…