Jim Grant: inflation is "kryptonite" to the 39-year bond bull market

Every asset class has its kryptonite. For gold, it's real interest rates. For bonds, it's inflation. In their latest quarterly bulletin, America's most successful and steadfast bond bulls, Van Hoisington and Lacy Hunt, identify this newfangled QE as a mortal risk to the fixed-income bull market that just marked its 39th anniversary.

~ Jim Grant, Grant's Interest Rate Observer, October 16, 2020, p. 9