Looking at the year-on-year increase in these commodity prices, I have to wonder if inflation is starting to sneak upon us while all the teleprompter readers, talking heads, and empty suits distract us with the 'deflation' strawman debate.
Inflation does several things beyond killing the Dollar's purchasing power to raise asset prices.
- It punishes the savers, and
- rewards the reckless (like Congress and Wallstreet) who took risks that just could not....and did not....pay off.
GOOD for Wallstreet & Co, but BAD for mainstreet.
You decide.
Monday, 4 October 2010
Inflation?................from Rico
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