i think a good indication of future inflation is the us treasury yield curve. long term rates have risen sharply in the past few weeks as investors have finally gotten a whiff of the inflation to come. despite the fed's efforts to buy t-bonds, the steepness of the curve indicates inflation is on the way. i don't think there is any likelihood of inflation of only 3-5% next year, even using the official government figures that exclude food, energy, and anything else that became more expensive.
Date 1 mo 3 mo 6 mo 1 yr 2 yr 3 yr 5 yr 7 yr 10 yr 20 yr30 yr
| 06/01/09 |
0.13 |
0.13 |
0.29 |
0.48 |
0.97 |
1.52 |
2.55 |
3.28 |
3.71 |
4.56 |
4.55 |
sorry about the formatting. i've tried to edit it, but it just doesn't want to format properly.
