The headline CPI rose 4.31% from November 2006 to November 2007 (the most recent data). That's over 50 basis points above the current 10-year yield.
Posted by edelfenbein at January 9, 2008 1:53 PM
Friday, January 11, 2008
Meanwhile, Back on Planet Wall Street
The 10-year T-bond yield (^TNX) is at a 46-month low. This brings us to Elfenbein's Rule of Financial Journalism #11587: You will never hear the words and "bonds" and "bubble" used in apposition in any financial media anywhere at anytime. The bond market is always assumed to be right.
Subscribe to:
Post Comments (Atom)
Lunch is for wimps
It's not a question of enough, pal. It's a zero sum game, somebody wins, somebody loses. Money itself isn't lost or made, it's simply transferred from one perception to another.
No comments:
Post a Comment