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Loan Modification

: Mortgage Lender Implode-o-Meter

How inflation is turning breakfast into a luxury item

By Implode-Explode Heavy Industries

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``Six months ago we didn't have global inflation accelerating. We had a US dollar index that wasn't being debauched (7.7% higher at $83), a CRB Commodities Index (19 commodity basket) that was 30% lower in price, and we didn't have Quantitative Guessing Part Deux either. Back then, free markets pricing in a strong U.S. dollar and low inflation was a bullish signal to buy U.S. equities. Today, the latest big government intervention scheme is debauching the dollar and perpetuating higher inflation.''

Full post as published by Mortgage Lender Implode-o-Meter on February 02, 2011 (boomark / email).

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