Thanks Voltaire, judging by the obvious number of shorts in all sorts of markets, Flanagan isnt the only one thinking about taking taking cheap insurance.
Heck there is so much insurance available on future inflation even the FED is selling insurance on their own bonds!
http://www.marketskeptics.com/2011/04/federal-reserve-is-selling-default-insurance-put-options-on-treasury-bonds-to-drive-down-yields.html
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