Quote:
Originally Posted by ChiliConCarnage
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.
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You got a great point with the bonds but I wonder if there is a bigger issue there. Are people concerned about the value of the dollar vs their currency as so many US Treasury buyers are outside the US. Mainly the Chinese