The Inflationistas that got really vocal circa 2008 never really talked much about timeframes – they must’ve learned that trick from brokerage firm “Chief Global Strategists”.
Regardless, so far, so wrong, according to WSJ MarketBeat’s Matt Phillips:
Facts. They’re so inconvenient.
Especially for those out there who have been screaming that U.S. was on the verge of a Weimar Republic/Zimbabwe style hyper inflation due to the unconventional approaches — money printing, basically — that the Fed engaged in to try to jolt the economy back to life after the financial crisis.
To wit, look at the 10-year yield, below 3.00% Tuesday morning. Proof positive that inflation is not even near being a worry for the markets at the moment. (Inflation is the main enemy of bond investors as it eats into their return over time.)
Head over to hear what economist Ian Shepherdson has to say about the inflation/deflation debate.