Price pressures recede

Price pressures are easing across a wide swath of data — good news for bonds

Highlights

• Price pressures are easing across a wide swath of data — good news for bonds

• The U.S. equity bubble continues to grow, rallying to new highs despite earnings downgrades

• Ballooning government debt loads make the bull case for gold even stronger

• Secular investment themes (farmland, water, defense stocks, utilities, and nuclear power) continue to sh…