Comment: No, near term the word is

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No, near term the word is

No, near term the word is deflation, deflation, deflation. That's why the fed is doing QE3 because the market is trying to clear the bad debt, trying to deflate. The inflation will come when people, institutions and international governments lose faith in the ability of the US government to meet it's debt obligations. So far that hasn't happened. But, QE3 is setting us full speed ahead for just such a situation.