Who will care about today's price inflation one year from now?

We need $2billion per day to sustain the current rate of investment to keep markets afloat. This investment comes from fair-minded overseas investors. This is a beg-thy-neighbor policy.

Gas prices hikes are being fed because Fed interest rates are too low. Lowering interest rates debases the currency. This also implies flooding the markets with the faces of dead presidents printed on increasingly worthless paper.

Gold and wheat are taking on the role of reserve currency/commodity. Do bond yields support or undermine the U.S. dollar? (rhetorical question)

The economic model we must confront and navigate is based on risk. What worth the risk if the credit markets lose confidence of their investors?

not that we have much left, but imports being more expensive and exports being cheaper actually is good news for domestic production. when investors see companies are able to make a profit the old fashioned way (they EEEEEARN it!) they will return to sanity and the USD will stabilize at a more appropriate level.

any short-term inflation will be muted by the recession, which will become an opportunity to remake the economy on a more rational basis. not fun at all in the short run, but better for all of us in the long run.