iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
18,361 Blog Posts

If Inflation is Such a Threat, Why Aren’t TIPs Moving Higher?

Don’t tell me the TIPs faggots aren’t tuned into the market, understanding of inflation. That’s all the TIPs fags do, worry about inflation. Yet, here I look at the 2yr treasury breaking 2% for the first time since 2008, accompanied by headlines that speak to some sort of rampant inflation that no one can actually see with their own two eyes.

Here’s the chart on TIP, inflation protected treasuries.

Raw commodities? Hardly any traction.

Let’s stop pretending there is some inflation genie dying to pop out from some fucking lamp. Truth is, rates are jimmy-rigging higher because the Fed wants them higher, so they could lower them later, when this all falls apart.

As for inflation, only the wealthy are enduring its deleterious wrath. Everyone else is shopping at Walmart.

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7 comments

  1. sarcrilege

    FED wants inflation. It raised rates to offset capital inflows into private assets (stawks) which are already over-inflated.

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  2. ferd

    If the dollar falls off the cliff it’s approaching, price for Walmart etc stuff will rise. The price impact of this will be offset somewhat by the fact the the new tax bill further concentrates wealth at the top. I’ll be shorting the XLY components most squeezed by this – importers that serve the bottom 90%.

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  3. sarcrilege

    WTF? The German edition of Playboy magazine for the first time features a transgender model on the cover of its January issue. Sick.
    https://tinyurl.com/y979t548

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  4. fxtradepro

    next move in yields is lower. long the long bond, but only for a trade. this stock rally has gone far enough. todays action suggest RUN, and RUN fast from equities, at least for a short while. Gold +1.26%; Bonds turning higher into the close; Dollar speeding lower in a “deathmobile”

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