Co-produced with Trapping Value and Treading Softly
In the first part of this series we wanted to bring up the facts, not opinions, but facts, about inflation. Despite an overwhelming consensus about "deflation" driven mainly by low bond yields, the data showed just how much inflation we actually have. Multiple consumer price indices are showing year-over-year changes that are the highest since the global financial crisis.
Source: FRED
Investors who ran into the safety of Treasury bonds are going to find out just how little they will get for that entry. But leaving aside the