#Spain #Inflation rate vs Spain 10 yr Bond Yields

Spanish 10 year yield is now deep in negative territory. They never saw inflation coming.
I first started warning about inflation in the US back in April of this year and posted
this chart in May.

While we have heard many excuses over the last several months as to why there was inflation
none of them got the excessive deficits, with Zero interest rates as the root cause. Excessive
$s pouring into commodities that offer the same zero yield as bonds. I first warned about it
back in March and April.



Now it is spreading everywhere on the planet since commodities are Global.