Here’s my entry for Overlooked Chart of the Year. It shows how the S&P 500 (in blue) and the market’s inflation expectations (the 10-year TIPs spread in red) have been waltzing partners for the last four years.
![S&P 500 compared to 10-year TIPs spread S&P 500 compared to 10-year TIPs spread](https://i0.wp.com/www.crossingwallstreet.com/wp-content/uploads/2011/12/fredgraph123011.png?resize=630%2C378)
Here’s my entry for Overlooked Chart of the Year. It shows how the S&P 500 (in blue) and the market’s inflation expectations (the 10-year TIPs spread in red) have been waltzing partners for the last four years.
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Central Banks now have to accept that modest inflation will create jobs and stimulate spending
Austerity will lead to a recession and then a depression