If 10-Year Yields Surpass 5%, Say Hello to QE (and Massive Inflation)

The wizards at the Fed and US Treasury have been forced to acknowledge that their “transitory,” inflation is, in fact, quite “sticky.” And with the inflation elephant now acknowledged by the circus of high finance, Treasury yields keep inching up, recently reaching 4.7% — the highest since November. The Fed is stuck: It needs to raise interest rates to tame inflation and […]

The post If 10-Year Yields Surpass 5%, Say Hello to QE (and Massive Inflation) first appeared on SchiffGold.