2009-06-12wsj.com

The inflation/reflation trade has driven a lot of market activity in the past several weeks. Commodity prices, such as oil and gold, have risen and long-term bond yields in the U.S., Germany and elsewhere have also spiked amid nascent inflation fears.

Which brings us to this weekend’s G8 meeting of finance ministers and central bankers in Italy this wekend. This meeting is a prelude to the G8 head of state meeting which will take place next month, also in Italy.



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