This chart seems to be winning the battle so far.
A month ago I said:
However, with oil at $80 and gold at $700+ there's at least a chance this chart may show our future.
It sure would be nice to know for sure, wouldn't it? I'm serious. I am torn between the two charts and they do not agree with each other. If interest rates only come down because housing is in trouble and not because inflation is under control, I'd be tempted to cringe while looking at the latter chart.
For the record, I'm tempted to cringe. I continue to be deflationary in the short-term and inflationary in the long-term.
See Also:
10 Year Treasury Yield
Source Data:
St. Louis Fed: 10-Year Treasury Constant Maturity Rate
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