Witzy

A New Low and an Explanation for Monetary Inflation

Your point that CPI is just one (incomplete) measure of inflation is well taken, but perhaps gold is now seperating from inflation. I increased my gold position in December because I could not make sense of the strengthening of the US dollar in Oct-Nov even as the US economy was tanking. Other commentators have said as much, and also pointed to the subsequent depreciation of the Euro, Yen, etc as financial dominos fall

-777.7: Where Do We Go from Here?

JCC
I like your ananlogy, but let me add an additinal metaphor to it. The blood that has been flowing for too long is laced with sugar (debt), and now the internal organs like the kidneys and liver are becoming functionally impaired while the eyesight of the nation (CNBC, etc) has become blurred by diabetic retinopathy.
I have no problem with a modified bailout, and I do not think that the US/world economies are headed for the toilet. However, diet and exercise are indicated, not a pill(quick fix).
Enjoy the ride!