Borat – your scenario would be more plausible IF inflation were feeding into salaries which it isn’t – real wages have been declining for several years now and the ongoing outsourcing of US jobs doesn’t bode well for salary inflation
some analysts are pointing out that the Fed has lost control of the monetary system – they can pump up the printing presses and spew fiat currency all over the planet but they can’t control where that funny money flows
the idea that the Fed can control interest rates is another debatable point in today’s financial world
