Quote:
Originally Posted by scho63
The Fed has ****ed up royally because of political pressure and now the horse has left the barn.
When that asshole Powell and Yellen said that inflation was transitory, they all knew they were lying. Even all the media and politicians on the left started that chant and now it's going to get ugly, real ****ing ugly.
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I've felt like we're seeing too much inflation and wage growth to ignore for a bit.
The market still thinks it's transitory though. Bonds are typically considered the smart money, and breakevens for the 10 year are at about 2.4% inflation annually. Given next year is going to start and probably stay fairly high, I'd think it's going to need to drop down fast for that to be possible.
I guess we'll find out.