Inflation Is Likely A Byproduct of Obama Deficits and Spending

SEE HERE Last year on CNBC Warren Buffet said:“A country that continuously expands its debt as a percentage of GDP and raises much of the money abroad to finance that, at some point, it’s going to inflate its way out of the burden of that debt.” Now he's pulling back his exposure to long bonds which are the ones most seriously damaged when inflation hits. I guess he doesn't believe the deflation narrative making the rounds. When you're expanding the money supply like made the likelihood of deflation seems to be lower than inflation. But the Wall Street jabberers are always jabbering up and jabbering down and it's hard to know which side of the jabber is likely right.