The group I'm calling the inflation complex - long physical commodities, short bonds, short dollar - is flashing a massive green light (ie. bullish on inflation). Hyperinflation? No way I'm betting on that, just more inflation than we've seen, and for treasury bonds potentially higher risk premiums.
Wednesday, April 7, 2010
Inflation Complex in Full Force
The group I'm calling the inflation complex - long physical commodities, short bonds, short dollar - is flashing a massive green light (ie. bullish on inflation). Hyperinflation? No way I'm betting on that, just more inflation than we've seen, and for treasury bonds potentially higher risk premiums.
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