Inflation and Godot

By Econ70 | 07/19/2012

While many are nervous the massively stimulative monetary policy engineered by the Fed will inevitably trigger inflation, those folks are waiting for Godot. Subtracting the current yield on a 10-year Treasury Inflation Protected Securities (TIPS) bond (-0.637%) from the current yield on a regular 10-year Treasury bond (1.52%) gets us 2.157%. This means headline inflation…

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