Many continue to expect a continuation of low rates of inflation and low interest rates, despite quite low unemployment rates in a number of countries. (rba.gov.au)
In fact, periods of higher output growth are consistently associated with lower rates of inflation (simply, prices are a reflection of scarcity - greater output supply implies less price pressure). (hussmanfunds.com)
Worse, without a collapse in an already low rate of inflation, bonds may not provide the same offset to declining equity values like they have in recent equity bear markets. (hussman.net)