‘Inflation Expectations’ Update

First off, you can review all of the CPI’s details here, courtesy of Michael “the inflation guy” AshtonPost-CPI

Now back to the market indicators we have used to gauge this renewal of deflation fears since June 2, we find TLT in essence, at target.

tlt

And TIP vs. TLT (inflation expectations gauge) making what could be a double bottom.

tip.tlt

I just don’t know where the Fed and its policy fellows are going to be able to hide the cheese anymore.  It’s either full frontal deflation or a coming whopper of an ‘inflation trade’.  If real deflation were on tap, gold and silver would not be so strong.

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