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Yields tend to rise on fears of inflation.
Why?In part, because of misguided fears of inflation.
At the same time, fears of inflation are intensifying.
As investors' fears of inflation gave way to talk of deflation, bond yields fell.
Nonetheless, there's something peculiar about how powerful fears of inflation are.
Some experts say fears of inflation and the loss of the dollar's strength are overblown.
But the Fed's job could be complicated by lingering fears of inflation.
Solid job numbers sparked fears of inflation; weak job growth raised the dreaded specter of stagflation.
As the British economist Ralph Hawtrey wrote, "Fantastic fears of inflation were expressed.
The stock and bond markets appeared to agree, shaking off fears of inflation or recession.
With central bankers obsessed by fears of inflation, monetary loosening has been too little and too late.
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