When people talk about whether we will experience inflation or deflation over the next four years, I think they often underestimate the impact of federal government deficit spending, which in the current global environment I think will prove to be very inflationary. -- KM


The federal deficit is expected to more than double to $1 trillion next year, but budget experts concerned about the fiscal impact of Social Security, Medicare and Medicaid think 2009 will be remembered as the good old days.

Go to Full Article