The government says it doesn't see it. But we do. And you know something? Some very smart people who bet real money on this stuff see it too. People who trade government treasury notes and bonds. Prices for 'em have been tumbling on just these very fears. And when those treasuries tumble, as they did again today...Continuing a trend that's been going on for many days...here's what happens. Interest rates rise. This week alone, at the fastest pace we've seen since last July.I remember the 70's all too well.
Seems the big dog sees it also.