The Bank Credit Analyst has a post titled U.S. Inflation …. Or Deflation? I have noted several times the evidence of rising inflation fears in the price rise of gold or crude oil or grains or the falling dollar. Jeff Matthews has also recently had posts about inflationary tendencies in “An inflationary spiral coming out of China”.
So the BCA's comments that deflationary risks are rising and inflation risks diminishing is contrary to my recent bias and worth noting. Ignoring contrary evidence can be a very expensive habit in the trading business.
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