[adventured]

I don't agree that inflation has been mild.

http://www.shadowstats.com/alternate_data/inflation-charts

It's only mild if you use their fraudulent CPI accounting, and only if you use the latest version of it, designed solely to hide inflation. If you use the 1980 CPI we're running at 9% inflation, which is not mild at all. In fact, Volcker would have raised rates long ago to fight that level of inflation.

It's exactly the same way they commit fraud in obscuring the real unemployment rate - the U6 - while referring only to the U3 anytime they want to talk about the economy. 14% vs. 6.8% is a dramatic difference, and it only works because they hide the people that have fallen out of the labor force.

[nicholas73]

I don't disagree with you. You bring up very good clarifications. When I say "mild" I mean relative to what it could be without faith in the US and the status of the dollar as the reserve currency.