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We really need to talk about "inflation", as Alan Greenspan was trying to way back in '96.

Eurodollar University

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Eurodollar University - The Full Speech of Alan Greensby

markets had surmised all along throughout this period, and with increasing certainty leading us into the inversions that we see today. We're starting to see consumer and producer prices, everything else come down. And it leads us into the last part of inversion, which is deflationary money potential on top of all of these other things. That's what's got these curves upset. If only people had listened to Alan Greensby, the full speech, I can't believe I just said that. It wasn't really about irrational exuberance. It was about whether or not we could even say it's irrational or even exuberant.

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