...........so we can find out how this decade turned out. One of the big questions I'd be looking for the answer to is: what ever happened to inflation? Many of the talking heads have been opining that with all the waves of qualitative easing, the Fed has surely primed to pump for inflation. Maybe it will take off one of these days, but right now our rate of inflation appears to be stuck around 1.2%. What's up with that? This blog (with most of its assets in real estate) is on record as fearing deflation more than inflation. Prime away! In this week's Leaders column, The Economist raises the same issue.
"Be afraid of inflation, by all means; but life can be even scarier when it sinks."