[quote=JWM in SD]”But, that short term patch does seem to do a dandy job inflating another bubble, doesn’t it?”

Not if you look at the DXY chart and actually buy groceries and gas it doesn’t. Not Really.

If the shit hasn’t hit the fan, then why the need for QE2? Bernanke is TRAPPED.[/quote]

But….Current gas prices are nowhere near the all time high a few years ago, when 91 octane ran close to $5/gallon. .We’re currently at $3.20/gal (lower if you go to costco). And same could be said about food prices. We’re not seeing significant inflation (yet….Keyword is YET)….We will, eventually..But when? no idea…. I don’t have a crystal ball….So I just like to deal with the short term…

If you think 5-10 years or so is “short term”, that isn’t exactly short term in my book. It’s a lot of time to make adjustments and reduce expenditures,etc…Like have no debt and or owning primary outright or close to it….

Also, bernanke isn’t exactly out of options yet, is he? I mean, there’s QExxxyzzz, until our foreign constituents say no more….When he is out of that option, I call that the shit hitting the fan…. I don’t disagree with you if we head down the path, the shit will hit the fan…Where i disagree with folks is probably when it will happen. Might not happen for some time… What are folks going to do? Just wait for the sky to fall?