Friday, October 3, 2008

THE BUSH LEGACY: HYPERINFLATION?


Here is a look at the Federal Reserve balance sheet, essentially a measure of how much money is being printed, since 1996. See that huge vertical line at the end? That's the last two weeks.

In the words of Lance Lewis, one of the terrific market commentators over at Minyanville, "If that's not what hyperinflation looks like, then I'm a leprechaun."