There was a lot more John Kosar gave me today that could not be squeezed into a single column. For starters, the Univ of Mich survey has spiked to the upper limits of its range to suggest people are expecting serious inflation - as if gas, food and import prices were news to us today.
The TIPS spread may have calmed down to the bottom of its range but if I am right about gold and the rest of the planet is right about expecting inflation then it can easily spike up to the top of the range and beyond. If that happens and the spread has a technical breakout, do you think the Fed is going to notice? Kosar says yes. I say yes. And talk that the Fed may actually raise rates will not be so outrageous.
C'mon rest of the world - time to pay up and raise your own rates. At least the dollar won't disappear and there will be at lest a drag on rising inflation here.