I was watching the early show on Bubblevision this AM around 5:30 as I read the news and ran the model.
One pundit said deflation was coming. Another said inflation was coming. None gave any reasoned analysis, perhaps because the show's producers don't give them any time to do that. Oh well ...
Markets are getting smashed from turmoil in the Italian bond markets. Sigh ...
Doing nothing - the model is in balance.
Italy should offer bonds to retail investors in the US, payable in tourism :) I'd be a buyer for another trip to Rome and another for a trip to Florence.
Word of the Day
"Yare" - adjective [$100] pronounced either 'yare' to rhyme with 'dare', or 'yar' to rhymne with 'par'.
Yare means 1. quick, agile, lovely; 2. (of a ship) quick to the helm, easily hamdled or maneuvered; 3. (archaic) a. ready, prepared; b. nimble, quick.
Sentence: A yare investor outperforms a sluggard: rebalancing matters and must be checked whenever an asset class moves a lot.