The evidence that things are coming unglued keeps pouring in. For instance, yesterday the grand-daddy of all US Treasury long bonds—-the 30-year UST—crossed the 5.0% yield mark. The last time it crossed that threshold and stayed there was, well, August 2007. Some reasonably attentive people still recall what happened about a year later. And they […]
Inflation: 4% Yesterday, 6% Today, Higher Tomorrow
