The Ten Year Forward Expectation Isn't Going to Be Falsifiable

My view is indisputably that it is beginning to head down, but slowly and not necessarily to a positio. Investors are buying inflation protected treasury bonds assuming that the inflation rate will be two point three%. If you go backwards ten, 15 and 20 years, and take this nine % inflation, eight inflation, whatever, combined with inflation per annum of all these years, we are averaging two % inflation. So you had a very long period of very low inflation, and we've had a very exasperated inflation out of the last couple of years. And as i wrote in my divident cafe on friday, i'm ok with the fact that it's non falsifiable. There