Is the War Going Away?

Inflation is t gone up. Youre telling me the inflation will go away. That makes bonds a bargain, or shouldn't we be afraid next year we'll see another eight % inflation print as well? Well, it we have a tremendous amount of, so to speak, stimulus in the system. And if g d p falls, the relationship between the fed balance sheet and g d p may actually go up. There will be a competition for savings globally in the course of the adjustments that's taking place. Nominal rates may be coming down, but real rates are quite high. This was a case at different points during te during depression of the 19 thirties. So in thinking