Look at the CRB and food. Inflation is already beginning to tick...

Look at the CRB and food. Inflation is already beginning to tick back up again. Rick Santelli the only talking head on CNBC worth listening called it late last year when he said that the bond vigilantes are going to teach the Fed and government a lesson about fiscal responsibility, and take the 10 year yield to at least 13% sometime in the next few years. The other compares nearly fell of their chairs, but Santelli is spot on, and the man knows his business. He has 60 years in the pits and knows the bond market back to front.
It is going to be a massacre in stocks,and real estate and I envisage that Australian RE which is now the biggest RE bubble in history, even surpassing the RE bubble in Japan in 1989/90, is going to see a collapse of at least 50% in prices. Anyone that has purchased in the last 10 years is going to see any equity evaporate.