hmmm..well lets see..did the author actually quote the rate of inflation as the cpi ubnsa or cpi ex or the feds preferred measure the pce consumption deflator within gdp and ask why the government can borrow at less than the reported headline cpi? or question whether the headline cpi is an accurate guage of inflation when the whole world except the BLS and the Fed are experiencing sticker shock at every supermarket and gas station? sure the reports cite sources like the fed strip pricing in an increasein fed funds rates and a few sage canadian banks calling that too early to throw the towel in..but the big picture is sadly lacking. ask the welfare and pension beneficiaries for who the correct measure of stagflation is vital how they feel. not the 200,000 dollar a year economists at big banks whether they will trade down to a 80,000 car this year from an 85,000 dollar one. the real story remains how the government in collusion with the fed is dropping everyones "real" benefits as more head to retirement and the food stamp books. actuarially, the death rate must increase and costs must decrease at corporations for these wizards to balance the books and increase profits . never mind that greater minds than theirs could just be tasked with fixing the problem, with a kinder heart.