Wednesday, March 09, 2005

Slowly, inflationary pressures are building

There is a budget deficit that's being financed by foreign central banks. There is an aversion to taxation, but a love of spending. The dollar is trending weaker. Commodity prices are rising. The Fed's mandate is to contain inflation, but also to keep growth going.

It's little wonder people are starting to sell bonds.

ABC News: Treasury Yields Jump on Inflation Fears
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