BOHICAn:
Bend Over, Here Inflation Comes, Again: "This month's inflation report confirms that we are bubbling on the edge of inflation. We don't have a savings glut, we have a good old fashioned dollar glut. The Federal Reserve and the Treasury have printed more dollars than the future stream of revenues, and while various governments and private individuals have been willing to park dollars, that time is going to come to an end."

...

"Well duh, a war time economy with a spending binge - oh, and one other thing, a massive policy decision to count consumption and expected future forced savings as savings and wealth.

Let's get down to the rub here, the con job, and there is no other way to put it, is executed here by Levey and Brown in Foreign Affairs."

(Via BOPnews.)