E The Bond Market Is Calling The Fed's Bluff

Have we learned nothing from business cycle theory?

What is the next catalyst that will suddenly reverse this downward collapse of credit growth? It would have to be sudden spike from inflation and growth, or a dovish Fed. And as I don't expect the former, the Fed is the only option.

That crazy u-turn would send gold (GLD) soaring. . .

I expect a lag from the softening economic data which will show itself truly by year end 2017.

I wonder how the market will react then.

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Gary Anderson 2 years ago Contributor's comment

Great article. Makes the inflation hawks continue to look silly.