Posted 6/30/2010 16:28 (#1255936 - in reply to #1255922) Subject: RE: Cropspy
Mascoutah, Illinois
Have you looked at bond rates? If inflation is coming, why is the 2 year bond trading at an all time record low. The FED just stated in last week's meeting they will not be raising interest rates for the rest of this year. Where is the inflation? Eventually it is coming, but when? I don't see any in the forseeable future especially when we are not creating any jobs and productivity is at an alltime record high. We do not have wage growth either. Bush tax cuts expire at the end of this year along with the lower capital gain's tax. You are on a lonely road looking for inflation. Bill Gross of Pimco who runs the largest bond house in the world said today bond rates are still going lower. The bond guys are right way more than anyone.
We are already talking about a second stimulus bill. It doesn't sound like the economy is ramping up for inflation if we need more stimulus. I do not buy the inflation arguement.
Looking for some opinions, please share.
