DeNiro,
I don’t think you are raising invalid questions on inflation at all.The tough part is when & how much, not if. I have always said we had two bubbles. Soon we will be entering the “one more to go phase” at least as far as prices go. The more prices decrease the more merit these discussions should have in my opinion. It is going to be tough going around here though, at least for a while, when talking about anything but an absolute bottom. It will be interesting to see how things develope.
