The good news on inflation that everybody missed

Retirees, senior citizens and “widow and orphan” investors got some good news from Wall Street on Tuesday. But don’t worry if you missed it, because everyone else did too.

The news was a double whammy. The first was that inflation expectations remain far lower than the ever-popular worst-case scenario. The second was that, in case these lower expectations turn out to be wrong, insurance against higher inflation is reasonably cheap.

This…

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