So what would Yellen do?
A collective reckoning? A painful but unavoidable come-to-Jesus moment? Or continuing down an inflationary spiral?
Coming soon to a store near you.
It’s all about cheap labor.
Worse than the 1994 “Bond Massacre,” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….”
Businesses expect their input prices to jump by 4.6% in 2017.
7th week of US Government debt “carnage” continues unabated.
The numbers are out. Even Japanese consumers, supposedly suffering from deflation, are getting whacked. No one escapes.
And it’s now hitting home.
The bond market is already doing the math.