From a subscriber:Hey Gary,
FYI, good article at Zero Hedge re: long-running NFTRH thesis of "deflation scare" levers being pulled: As the Fed Runs Out of Low-Rate Options, the UST is Likely Considering an Orchestrated Move of Risky Assets Into Bills
Regards, Ray V
I am going to dispense with the 'NFTRH 1 Year Ago' segment from here on because you get the point; NFTRH is interested in carrying forward a sensible market dialogue over long stretches of time and being right in the big picture. Also, speaking of time, I do not have enough of it to be going through that exercise.
The above-linked Zero Hedge post is vital reading and indeed articulates in detail the mechanics that would go into NFTRH's long standing "deflation lever" thesis centering upon the treasury market and the Fed's ability to continue inflating. In other words, the LINE IN THE SAND which must not break lest holy inflationary hell be unleashed.
NFTRH78 out now, and it certainly does ruminate on the treasury market. I may excerpt this bit in the next couple days. It is the most profound oncoming signal that the simple chart geek has ever witnessed in the financial markets.
Later... off to make my kids pancakes.
