Another way of looking at it is that investors don’t have much faith that our government’s spending is really gonna stop deflation and cause inflation.
Totally disagree with you.
Instead, global finanical chaos is driving money towards what are perceived as the few safe havens. So, only temporarily, the World is frightened into continuing to fund our burdensome debt.
Smart money is betting that will NOT last. One of the few remaining bubbles is in the dollar, and in the pricing of US treasuries.
Next year the US must dramatically increase its auctions of securities to fund our debt. (Did I read the auctions are anticipated to exceed two trillion?) We don’t know if the breakdown in the World buying of our debt will occur next year, but it WILL eventually break down, and then the dollar must collapse. You should position yourself to make money on that, instead of throwing verbal barbs over short-term exceptions to the obviously long-term trends
