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He predicts bonds with fixed coupons will be a poor investment because inflation will skyrocket, but he doesn't make a convincing case for why this inflation is looming.
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Why hasn't this inflation yet shown up in higher ten-year Treasury yields and mortgage rates?
So if prices aren't rising, why the inflation worries?
Actually, I understand why; the inflation hawks are still a powerful force that must be appeased.
This is why official inflation figures, such as the Consumer Price Index, have nudged up modestly, while products largely untouched by Moore's Law gold and commodities–have soared.
This explains why inflation has been creeping up in China and elsewhere in the region.
Why is inflation so concentrated in this particular slice of the consumption basket?
If this is the main reason why core inflation has risen, then there is little cause for concern.
This is why the 2.0percentt inflation target can be so harmful.
So why is inflation unpopular?
Why is inflation so low to begin with?
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