The Bond Market Is Saying, This Is Not Me, This Is Not Real Inflation

The theme this year has been, as you point out, eric, it's been inflation, inflation, inflation. And for people who pay attention to the federals rve, or even broadly monetary conditions, it’s been too much money. The bond market is telling you unequivocallytat no matter how high energy prices get, i in the short run, it's not going to stick around for the long run because it just cannot. We have deflationary conditions rising throughout this year, which eventually lead into some sort of down turn, if not global recession,. Which will end any secular price trend and energy and everything else real quickly. When that happens, it is going to