I’m no economist, but I agree with peterb and kewp, up to the point where we are now, ie a correction is taking place. But as I understand it, factors outside the credit bubble, such as food price increases, which some say is caused largely by biofuel projects, and oil prices which seem attributable to several factors, are also a part of the inflation equation.
As to the dollar strengthening, it’s all relative isn’t it? Currencies like sterling and to an extent the euro have been weakening, due to their respective weakening economies, which makes the dollar appear to be strengthening. Just my very small penny’s worth.
