Thursday, March 12, 2009
..it never went away you fools,,,
''Rising inflation expectations, rather than deflation, is the new fear. Warren Buffett – the man who said the US economy had “fallen off a cliff” – believes inflation could return to 1970s levels. Jim Rogers – the man who said the UK was “finished” – expects much the same. Pimco, the bond fund, sees similar risks.''