What do you read from this graph that shows the volume that the word 'inflation' has shown up in searches and in news items?
Why yes Beuller, you read that inflation searches and mainstream news items became hysterical in the run up to the Armageddon '08 festivities and relatively less hysterical in the run up to the recent mini hysteria, as I have been calling it; although the MSM tried its damnedest to get the public lathered up. I guess this is a bearish divergence in the MSM's ability to foment fear and greed in the average person.
NFTRH and this blog have been stating all along that inflation expectations needed to be tamped down to shut up the 'bad cops' (Plosser, Bullard, Fisher, etc.) and lay the groundwork for coming funny munny policy. But also, the analysis has held that it would probably not be an end of the world type thing as the Wizard reloads the inflation gun. Check.
As the debt squabble labors on, the graph above tells us that the public is approaching the low end of inflation concern scale and the media have all but moved on to other bullshit to baffle the masses with. All good my friends. Well, all not good; but all good where rational market analysis is concerned.
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