[Edit] As suspected, Prechter goes into much detail about why long-term bond yields will rise and yet deflation, not inflation, is going to be the outcome. I tend to agree, that rising yields would help bring on the next deflationary episode, but in the interim lean toward inflationary manifestations. Watch commodities, watch the real price of gold, etc…
Regarding the ‘inflationary up’ theme of the previous post, I had mentioned last week (not sure if it was here on the site or in NFTRH) that I thought Prechter and EWI were forecasting a top in the T bond market (rise in long-term yields) as well and that I considered that a caveat to my inflation case. As if their ears were burning, here they are with a special offer and I think this is a good one.
If you click the link (no no silly, no strings, spam or anything else attached) you will see all the details on this special report. I am going to read it because Prechter has always kept me honest with myself. I am doubly going to read it because I want to know why a rise in yields would not attend an inflation cycle this time, if indeed that is their premise.
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