39 Years Of Money Printing Do Make A Difference, Part 1

Here’s a worst-in-39-years story worth mentioning. By now everyone knows that November’s 6.88% Y/Y rise in the CPI (purple line) was the highest inflation figure since before July 1982, when the index posted at +6.56% on a year-over-year basis. But what they haven’t been gumming about is the level of yields on the 10-year UST […]