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via Advisor Perspectives

A better appraisal of interest rates vs. inflation can perhaps be found at Advisor Perspectives.

The trend for interest rates vs. inflation is down. Note that with previous market highs a new downtrend had begun in 2000 and 2007:

http://www.advisorperspectives.com/dshort/charts/yields/perspective.html?yields/treasuries-FFR-SPX-since-1962-real.gif

-F6

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