There is no inflation. It's a deflation. All the inflationary brainstorms rampant, were the bubble. And it is busted.
Inflation means that the dollar is becoming worth less relative to other assets. Deflation infers the opposite, that the dollar is becoming worth more relative to other assets. Considering the new new spending and debt incurred by Obama and congress, deflation seems unlikely. Market economics dictate that as supply increases, cost (value) decreases. Debt increases the market supply of dollars, thereby decreasing their value. What you are suggesting is that somehow the dollar is increasing in value even as trillions of new dollars are being put on the market due to deficit spending. That is illogical.