For the practice of reading entrails, see Extispicy.


Extispicy (from Latin extispicium) is the practice of using anomalies in animal entrails to predict or divine future events.[1] Organs inspected can include the liver, intestines, lungs, or other major organs. The animal used for extispicy must often be ritually pure and slaughtered in a special ceremony.

http://en.wikipedia.org/wiki/Extispicy

Both forward-starting inflation measures started collapsing this past spring. Is it any accident this is when the present bond rally started to take off? If you start to price the risk of inflation out of long-term bonds, the yields on those bonds fall; the question of whether the market is any better in its assessment than a Roman entrails-reader or some blue-painted Druid priestess is irrelevant.

http://www.minyanville.com/businessmarkets/articles/inflatio...