Inflation & America's faltering economy
Pretty accurate reporting: Inflation is a threat, prices are rising fast, the dollar is falling hard (record lows), and the US economy is faltering, but they completely fail to address the underlying reason for many of these problems--too much cheap/easy credit used to blow up the housing bubble (a bubble engineered by Greenspan to replace the popped tech/stock market bubble), followed by excessive monetary printing/injections to bail out our collapsing banking/financial system -- a valiant effort to keep the game going a bit longer.
I'm afraid however, as the economic fallout from our massive housing/credit bubble continues, Gvt bailouts will pick up steam...
The inflation wave we're seeing today (early 08) is merely just the beginning... I suggest you hold on to your hats and wallets--because this thing is going to get quite nasty over the coming months/years.