Markets need not be in sync with one another. Simultaneously, the bond market can be priced for sustained tough times, the equity market for a strong recovery, and gold for high inflation. Such an apparent disconnect is indefinitely sustainable. - Seth Klarman
Diamonds Aren't Forever
I fully agree with your inflation thesis. Really enjoyed reading your post.
I'm with you Fabian, I fear higher long end yields are in our future and very few are ready for this consequence