Head out to the store and buy huge quantities of goods
Or get that ReFi while they last.
Stagflation kids.
My own take is the Fed has at most 6 months before inflation will "force their hand". If economic growth hasn't been ignited by then, they will face the unhappy choice of very serious inflation or a deep recession. And the real possibility of some combination of both. In fact (IMO) its already too late to avoid some inflation. The only question now is how much.
I just converted 4 cell phones plans costing $200 into 5 cell phones for $150 with more minutes. I don't see the inflation you talk about. Things are getting cheaper not more expensive. Soon as oil price bubble pops, any risk of inflation will vaporize.
Fed, can you explain why you see a generation gap coming up? Just curious. Is there any particular form you see it taking? I have young kids and I'm just lookin out for that sort of stuff.