We're in a commodity bull market that will spread out, says investor Peter Boockvar

• Rising long-term interest rates in Japan could lead to higher rates in Europe and the U.S.
• Dollar weakness, potentially driven by a rallying Chinese Yuan, could broaden across various currencies.
• A weaker dollar could lead to imported inflation for the U.S. and negatively impact consumer purchasing power.
• Boockvar foresees a commodity bull market, including oil, natural gas, gold, and copper, further complicating the inflation outlook.

Peter Boockvar discusses the implications of dollar weakness, particularly in the context of rising Japanese bond yields and a strengthening Chinese Yuan. He anticipates a global pull towards higher interest rates and a spreading commodity bull market, which could lead to imported inflation for the U.S. and complicate the Federal Reserve's policy decisions.