How can we justify a 10-year Treasury yield of 1.5% with inflation running well over 5%?
The answer: producer inflation running even hotter.
When producers can't pass inflation to consumers, deflation is coming.
That's the bet Mr. Bond Market is making. pic.twitter.com/YC3Nx40OqL
— Ross Hendricks (@Ross_Report) October 17, 2021
Probly notin pic.twitter.com/2WgUgQ9MrY
— The Market Dog ™️ (@TheMarketDog) October 18, 2021
Leading German research institutes have slashed their joint 2021 growth forecast.
The downgrade is a 2.4% expansion in GDP, from 3.7% previously.
— Daniel Lacalle (@dlacalle_IA) October 17, 2021
— Invariant Perspective (@InvariantPersp1) October 17, 2021