There is inflation and there is runaway inflation.
Highly unusual inversion of the break-even curve tells us that markets expect a surge in inflation over next couple of years followed by return to lowflation.
@PaulJDavies
wsj.com/articles/rare-… https://t.co/ciP3YPNgBO
@ummodern @zeithistoriker @HarvardSTS @CompCoRe_STS Say more. Say more.
@ummodern @zeithistoriker @HarvardSTS @CompCoRe_STS Say more. Say more.