Subject: Re: beating the market
A drop in inflation is still positive inflation so maybe not that great news for "fixed fixed income" i.e. long term fixed rate bonds.

It might be...if the current price assumes higher inflation than ultimately arrives.
If it's an 8% nominal yield long bond because the market expects 6% inflation but we get 1% inflation, a real return of 7% is pretty darned nice.
There are quite a few companies refinancing at 12% at the moment. Not the good ones, admittedly.

Jim