No Inflation? Yield Curve Steepens and Euro CDS Spreads Climb….Someone is Fibbin’

There is something a bit fishy here. The Eurozone tells us that all is fine in their world. Bernanke is debasing the U.S. dollar in order to keep rates down and there is no inflation.

Well, that is not what we see from this series of simple charts and tables….

(Click each to enlarge)

Commodity Inflation