By way of @TheStalwart (which was forwarded by a subscriber who has dug up so many quality reference points): Holy crap. Had no idea the Billion Prices Project is now…
A brief update as I am on a mini getaway in NYC and will be hitting the road shortly. TIP-TLT has continued upward and broken above the MA 50. The…
What I mean by "Bounce" is not necessarily in the stock market, which is a candidate for one. But in the inflation story. Per the post on T bonds and…
The 10 to 5 to 2 year spread is indicative of market upset, obviously. Here is the up to the minute view of 30 year vs. 5 year yields, with…
At the prodding of an NFTRH subscriber who was combing through old issues, I went back and read NFTRH 7, from November of 2008 and was struck by how things…
A good report that departs from some of the nuts and bolts (so much so that I forgot to include the usual currency segment, which we have frankly had nailed…
First, for all you right minded wording detectives out there, you are absolutely right... inflation is not rising prices and deflation is not dropping prices. Also, deflation is not two…
Mario just popped up from the upper left corner of the Whack-a-Mole table top and hammered the Euro* (see Biiwii commentary here), logically sending USD upward. But the gold-silver ratio…
By far the most negative feedback I get is when I write something about inflation or specifically, about how inflation is nowhere to be found outside of the stock market…
As crude oil continues down today we are presented with a perfect opportunity to review why gold mining fundamentals can IMPROVE in a rising US dollar atmosphere. So many people run the equation through their heads: USD Strong = Run Away!
The title's quote is one of many eminently quotable messages I had the pleasure of receiving over a few years of contact with a late, great and a very interesting…
No matter the debates over inflation vs. deflation, increasing employment vs. sound monetary policy or systemic health vs. fragility (and whatever else is flying around in Jackson Hole this week), the CPI marches onward and upward. That is the system and it is predicated on creating enough money out of thin air while inflation signals are (somehow) held at bay.
The Straw Man* in this argument lives in the idea that inflation is not always destructive, that inflation can be used for good and honed, massaged and targeted just right to achieve positive ends to defeat the curse of deflation that is surely just around the next corner. Currently, the Straw Man is supported by the reality of the moment, which includes long-term Treasury yields remaining in their long-term secular down trend.
Indeed, right here at this very site was displayed much doubt about the promotion having to do with the “Great Rotation” out of bonds and into stocks (i.e. that the yield would break the red dotted EMA 100 this time). We noted it right at that last red arrow on the Continuum© below. Now, with commodity indexes right at critical support and precious metals not far from their own, the time is now if a match is going to be put to that dry old Straw Man and silver is going to out perform gold, inflation expectations barometers (TIPS vs. unprotected T bonds) are going to turn up and the Continuum is going to find support.
Excerpted from this week's premium report, NFTRH 282: Last June when tidbits about a would-be future ‘taper’ of T bond purchases (QE) were popping up in the media NFTRH 241…
The ISM has once again expanded. Policy is working, so please Dear Mr. Bernanke, begin to withdraw not only a token amount of Treasury bond asset buying in October; make a real statement for the ‘organic’ economy. Pull all T bond purchases and stop buying some MBS to boot. You’ll not only help the Fed’s balance sheet by doing so, you’ll also send a clear message to the people that you have confidence in the natural economy to build on its momentum.