Creditors were paying to lend money to your federal government.
Investors were paying a negative .5 percent on Treasury inflation protected securities, known as TIPS.
TIPS are inflation-adjusted securities that protect investors from inflation. A negative yield on TIPS means that sophisticated investors are beginning to see significant inflation on the horizon.
Within the next two years the deficit chickens will come home to roost in the form of major inflation. Are we now headed for another era of former President Jimmy Carter, where we had slow growth, high unemployment, and extremely high inflation — the worst of all economic worlds?
Armstrong Williams is on Sirius/XM Power 169, 7-8 p.m. and 4-5 a.m., Monday through Friday. Become a fan on Facebook at www.facebook.com/arightside, and follow him on Twitter at www.twitter.com/arightside.