TIPS don’t offer much insight into expected inflation, but not for the reasons listed here.
At this stage I’m willing to assume obsessively talking about “convexity” or “gamma” is a crank unless there’s some pretty strong evidence to the contrary.
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TIPS don’t offer much insight into expected inflation, but not for the reasons listed here.
At this stage I’m willing to assume obsessively talking about “convexity” or “gamma” is a crank unless there’s some pretty strong evidence to the contrary.