daniela

Inflation Fears Are Overblown

Great article. Don't underestimate resilient US economy. I also agree with all the comments, but overall, worst is over. Whenever people's wallets are hit, they readjust, improvise. Business people readjust not to loose customers and to stay in business for a long run. Article provide nice point of view. Customers are not running to buy things and are not going to empty their wallet (with negative savings rate) before another potencial price rise. I am hoping that long run who is going to get hurt are "nice" countries of OPEC. Americans are riding more bikes and thinking 100 miles per gallon automobiles. This country will be better in the future if it will learn to rely on herself more. Overall I don't see people view this as a crisis. It is just something they moan about in casual conversations. I think traders see trees and not the whole forest. As Chauncey Gardener said "the roots are strong":-)