Calm before the storm...

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acpme_IHB

New member
Everyone is dialing back the inflation rhetoric... is this the calm before the storm or did the Fed prove themselves right by attacking the credit crunch first and foremost?
 
I'm a fundamentals kind of guy (which is why I missed the he housing boom).



I think that the disconnect between the US dollar and oil prices shows that this current spat of inflation is demand driven and not the product of a wacked out, rudderless Fed. Start looking at worldwide inventory reports for wheat and rice for the past couple of years and you'll see where I'm coming from. The Fed did its job.
 
<a href="http://bigpicture.typepad.com/comments/2008/05/us-inflation-mi.html">Not everyone is dialing back on inflation.</a>



That said, <a href="http://www.bloomberg.com/news/marketsmag/mm_0608_story2.html">some think The Fed did the right thing</a>.



[Edited to correct and add permalink on the inflation bit.]
 
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