RE: I still have a problem seenig where inflation will come from. We've lost $4-6T in wealth. It went into buying mouldering houses, obsolescent electronics and gas-guzzling SUVs. Its gone. Evaporated. Kaput. No mulligans.We've replaced a paltry ~$1-2T of that, maybe. Not enough to cause inflation, IMO. It looks like the world still wants our money rather than euros, for the moment, so there goes even more of it. Money here is still scarcer than stuff. When there is more money than stuff, THEN we will have inflation. We've got another $3T to go. Rate this comment: 0 0

by Erwin 05:29:14 PM 2013.01.26