...coming in strong in both maturities offered today.
One of the (many) problem with the EOT'ers analysis regarding a meltdown in U.S. Treasury securities and corresponding/contemporaneous massive dollar inflation is when debt destruction occurs, incredibly deflationary forces come to bear by reducing outstanding dollar denominated debt.
When your assumptions are incorrect, the resultant analysis is hopelessly flawed. Unfortunately, it appears as if the FED and other CBs do not consider flawed assumptions a weakness as their reaction function to interest rates rests more on the ability to persuade than to predict.
At the moment, I am studying various eunuch/preisthood classes, their function in historical society, and their similarity to our own FED. It is illuminating.
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