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Can The Fed Inflate Its Way Out of Housing, Credit Mess?

too pessimistic. there is a credit bubble and certainly inflation on the horizon, but it's not the end all. that's why the stock market is still near it's all time high's. the subprime mess is simply too many risky loans (a small % of the total though). credit / loans based derivatives as a % of total financial instruments are small also.
inflation is a real problem, but global growth also has a lot to do with it.