welcome to the year of the pig. we're now in the later stages of the expansion. it may be scary but inflationary assets may shine and shimmer as the yield curve steepens. this chart shows the contraction/expansion of overall credit. FIC, entitlement reform, political uncertainties, and deflationary pressures will play an ongoing part. the question is will the macro uncertainties fade or be realized? we got a small taste of what this baby can do this December. lets hope the Fed knows what the hell theyre doing.lol