Ken Lewis agrees with you but then he bought Merrill Lynch lol ;-)
http://www.ft.com/cms/s/0/265d648a-09ef-11de-add8-0000779fd2ac.html Long or short? US dollar? Long Euro? Short California residential property? Short Manhattan residential property? Short Las Vegas? Short New York as a financial centre? Long London as a financial centre? Short Russia? Short Oil? Short China? Long Gold? Long
There's not going to be great inflation but gold and the metals will keep going up until the penny drops that there won't be.