I don't understand it.
So Bernanke decides to cut rates to zero, and investors react by getting into bonds? I'm not talking about inflation-adjusted bonds, I mean the ordinary bonds that now pay you 3.43% or something of the sort? What kind of idiot wants to invest for 3.43% when inflation was 4.1% before the rate cuts and before the grain prices percolate through the economy? Is there some bond fund investing in 30-year treasury slime so that I could short it?