from King World News
As we hit the halfway point in the trading week, here is a look at inflation, gold, silver and real estate.
Inflationary
December 2 (King World News) – Peter Boockvar: Well, that didn’t take long for bond yields to reassert its upward trend after I expressed surprise that it ignored the vaccine news. It seems that it took the growing expectations that Congress will spend another $1 Trillion. As for stimulus, the vaccine provides a multitude of it that is long lasting while the fiscal spending is just a short term bridge but I guess the Treasury market sees another $1 Trillion add to our debt and deficits and that is dollar negative and in turn inflationary.