[JasonC]

The same crowd of inflation monger commodity speculators have been screaming that story for the past five years, and gave us the real estate and oil bubbles. It was crap the entire time, as about $15 trillion in nominal capital losses should have made tolerably clear by now. They make the same prediction for a decade straight and hope to "eventually" be right. It is a lying slander against the Fed, all the way down.

[wiggen]

With the exception of oil,i can tell you i’ve not been in the commodity inflation crowd.
My own belief is we will continue to need to sell more debt to a pool of less willing buyers. This country,again my belief,will continue to see stubbornly high unemployment and the corollary extension of social programs which will of course feed our need for capital.
Businesses for the most part,having fired many workers are finding they can get along just fine without them due to productivity gains. The uncertainty of their future liabilities due to this administrations programs will further diminish their appetite for new help.
This pool of unemployed is massive and no matter how they play with the numbers,discouraged workers my butt,the reality is no administration is going to allow millions to be living in tents.