Steviee, I just read that separately a half hour ago. Interesting how he differentiates between the inflation scenario and the hyperinflation scenario - really clarifies them.
Very frightening and rapid deterioration if that happens. These doomsday scenarios always scare the sh!t out of me. Well, not as much as the climate change scenarios...
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In other news, because I am already burning my Tuesday message allotment, look at this news out of Cuba - US could learn something from this initiative to tame the inefficient public sector juggernaut. Will be very interesting to watch how it plays out in Cuba.
Cuba announced Monday it will cast off at least half a million state workers by early next year and reduce restrictions on private enterprise to help them find new jobs