We have a whole generation of adults who have never experienced real inflation. We have a President who reflects that and I think the cushioning with borrowed funds, the coming commercial real estate implosion and the fact we already monetized our debt on the QT points to not being close to the bottom. This hasn't been the worse economic event in 70 years, but it's coming.
Pushing for Cap and Trade and using every bad economic event to pimp his health care scheme and our current Congress keeps me nervous.
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