日本推出量化宽松措施后，金价继续创新高，现已接近1350美元，TIPS差价亦由最低的1.5%回升至约1.8%水平，可是由于市场预期美国亦将开启次轮量化宽松政策，美元继续受压，美元兑日圆已跌穿日本央行干预汇市前的低位，即是说，日本央行抛售的2万亿日圆，在没有美国的支持下得不到预期效果外，亦造成500多亿日圆亏损。

现时风险资产受美日量化宽松政策支持继续走高，VIX维持稳定，PIIGS的国债CDS差价均见回落，投资者情绪平稳。不过美国长债息率再见新低，显示投资者仍然对经济缺乏信心。综合以上情况看，滞胀机会正在上升。不过巴菲特在一个会议上称，股票明显较债券便宜，投资者对经济缺乏信心而购买债券是错误的决定，而他却对美国经济充满信心。以下为他在财富论坛上的访问和transcript :

"It's quite clear that stocks are cheaper than bonds. I can't imagine anybody having bonds in their portfolio when they can own equities, a diversified group of equities. But people do because they, the lack of confidence. But that's what makes for the attractive prices. If they had their confidence back, they wouldn't be selling at these prices. And believe me, it will come back over time."