Re: Inflation
I stand corrected. Long term bond yields react in no way to inflation expectations. Furthermore, our productivity today is no better than it was in the 1970's despite any technological advances you may have heard of in the past 30 years. Lastly, per squiffy's examples, I admit that our economy obviously is as dependent on energy prices now as it was before the PC was invented. In fact, I'm thinking about quiting my current employment and looking for a manufacturing job.
And to the original poster, yes, despite a 100%+ rise in oil prices, completely tame inflation, and a cyclical bull market only a few percent off its recovery high... I would recommend moving all of your assets into gold.
See you at S&P 1300 goldbugs...
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