"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Wednesday, February 17, 2010

Inflation

One again, this weekly chart of the t-bond yield hints at the price that policy makers (and the rest of us) are going to pay for the desperate inflationary policy carpet bombed into the economy during Hope '09. 

It still says here that the best thing for all would be another deflationary dunk.  Now, is the system finally at the saturation point?  Has the deflation angle simply been overwhelmed? 

We will know soon, and if so, our heroic policy makers will come to be seen as the counterfeiters (Saville's apt label) that they are.  Desperation sucks folks.  There is nothing organic or healthy about this system as two morally expired political parties pick over the bones and bicker at each other in a shrill and partisan manner.