Back to the task at hand, which is of course GETTING THIS RIGHT as traders and investors, as opposed to mentally masturbating the intellectual details of inflation and deflation. Here in simple minded biiwii land we will just review our old chart that was projecting bullish setups in various treasury bond durations.Bear in mind that I originally produced this chart when it was hard to do; back when the inflationists held sway in the waning stages of Hope '09/Full Hubris '10.
Treasury bonds look to have higher to go, which will embolden the deflationists into full lecture mode, counseling the silly inflationists about all their sins. Then? Things change... again.
It's the way markets work, silly. A lot of mirrors out there, not to mention smoke. At least as long as the structure of the current system remains in place, and for now it does.
