Wednesday, December 8, 2010

Quote of the day

Buttonwood:
Does a combination of deficit-financing and QE mean the US is inexorably headed down the inflationary road? The indicator I watch is the breakeven inflation rate, measured by the gap between conventional and index-linked bond yields. On the 20-year issue, this is still under 2.4% and precisely where it was a month ago. But this is the measure investors should monitor closely in the run-up to Christmas.

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