The Psychology of Inflation

The markets pricing in non arbitrage condition for inflation for the next 10 years is about 3% which is 60 basis points higher than it was about a month ago. The fact that we have this record high inflation doesn't actually make forward inflation over the next 10 year like less likely, he says. And there's I know you had a report out in March, maybe that was the one you were referring to where you expressed a very bullish view on bonds. It's funny back then I was actually getting very bearish on bonds little I know I picked the absolute top and yields pretty much.