The CRB moved back above 300 and the 10-year is now back above 2%, thus, Keystone's ratio is moving back above 3, albeit ever so slightly, which may not even hold once the jobs number hits in minutes. The ratio leaped from Deflation thru Disinflation and back to Neutral over the last day or so. It is expected to head lower again as time moves along. Deflation numbers are when QE3 will occur.
CRB/10-year price = 304.20/101 = 3.01
Over 4 = Inflation
Between 3 and 4 = Neutral, inflationists and deflationists fight it out.
Between 2.9 and 3.0 = Disinflation
Under 2.9 = Deflation
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