Reply #4: here is a nasty chart (8.8% annualized over last 3 months)

[stockholmer]

http://www.zerohedge.com/article/not-inflation-you-are-looking


Because one chart is worth a thousand Fed Chairman press conferences...






Dollar crisis/huge inflation is probably on the way, especially if the Fed launches QE3 and doesn't raise interest rates.

But, if they do not do QE3, the economy tanks further, plus raising interest rates just several hundred basis points will add hundreds upon hundreds of billions to the deficit in terms of debt service.

classic catch-22