[quote=poorgradstudent]2010 has seen inflation in the range of 1-3%. I doubt inflation will be a serious problem until the job market recovers more, and that looks at least a year away.
With wages flat/deflationary, there’s just not a lot of upward demand pressure to drive inflation right now.[/quote]
You’re looking at CPI. Look at what’s happened to asset prices instead. Consider the fact that we’re supposed to be in “The Worst Recession Since the Great Depression.”. Mind you, flat prices during a recession/depression also qualifies as “inflation” in my mind — prices are higher than what fundamentals would dictate. That being said, there is nothing “flat” about asset prices these past ~18 months. Inflation is all around us, in a big way.
