Let's tak pricing and inflation

Is The Momentum Factor Relevant For Bonds?

This is the Capital Spectator dealing with the momentum issue, which in our model is the generator model.  

Does the Treasury market have a stable generator that can predict a closed set of finite liquidity sequences? Do we have a debt cartel organized as a value chain, yes.

The real issue is what is price and what is inflation?

Everyone seems to use inflation as if it were the magical rise in the quantity of loose change in the economy.  It is not really, inflation, generic, the one they want, is the rise and fall of market share by the fiat banker.  Transaction go off books and the same money chases the fewer left over.  That model is not closed unless you include the generator function, momentum.

Price is the cost of the excess inventory capacity needed in he distribution chain such the consumer jitter is covered without inventory instability.   Our model says that at some finite point in the past we began subdividing the chaos, and price is the cost of containing chaos.