Friday, May 13, 2011

Inflation? Some Folks Don't Think So ...

SEE HERE Well here's the other side of the story on inflation. This is the current administration narrative. Core inflation is only 1.2% they say. All that stuff about high gas and food prices is just a sideshow. Well I suppose we'll see how that works out for us. With the Fed continuing to print money like it is going out of style, one has to be excused if a momentary pang of doubt strikes us as we survey the price of food at the market. Could it all be just a false alarm? Maybe. Color me skeptical, but I'm up for being proved wrong.

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