DrBagel, I think 10-Yr treasuries in the tables are measured in price, not yield. The dollar drops with short terms rates, while gold rises (-0.64), so do bond prices.
One big factor the author didn't mention is housing, that has been deflationary in the past two years, counteracting food and energy prices. If Congress succeeds in pumping $300B with the mortgage rescue bill to stop the housing slump, that would be inflationary.
Asset Class Correlations [View article]
I think 10-Yr treasuries in the tables are measured in price, not yield. The dollar drops with short terms rates, while gold rises (-0.64), so do bond prices.
Inflation Fears Are Overblown [View article]