A couple of interesting pieces that I came across today:
-The following is the latest in a series by Lars Christensen that examines the components of inflation (supply versus demand) going decade by decade. Or in this case, the heyday of Volcker. I think it provides a useful way to measure whether loose money is the culprit in any given period.
-This article from The Economist mentions by name many of the bloggers who I peruse daily. And implicitly makes the very valid observation that too many of these folks are emotionally invested in their schools of thought.
And, finally, for anyone who follows the gold market, the price action is flirting with a break below the long term trend line. We've been here before. To repeat myself, again, the fundamentals have not changed. But, that doesn't promise us anything in the near term.
