Quote:
Originally Posted by slapass
Don't get too excited about inflation, we want it or at least our govt. does.
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I don't think you read the article or understood. The Fed has a 2% inflation target and privately some say they want to achieve 4% - its okay because some inflation is definitely desirable. However, the world is in deflation right now which is why all commodities have collapsed, so there is no inflation no matter how hard they try (a strong dollar doesn't help)... remember how many years of QE?
Anyhow, four percent is nothing. If the dollar lost its petrodollar status, that's where inflation "can" run out of control and become hyperinflation as the article explained...