We've had almost a Trillion dollars in "stimulus" and/or "Quantitative Easing" or whatever you want to call it and as of the end of August 2010 we still only have 1.15% annual inflation... Down from 1.24% last month.  And the trend has been steadily decreasing for all of 2010. Back in 2009 we had a period of deflation bottoming at -2.10% in July of 2009 and the stimulus kicked the inflation rate from its deflationary moorings all the way up to 2.72% in December of 2009. But as we can see from the chart below the effect didn't last long... and the inflation rate has steadily declined for all of 2010 so far.  In the light of all that stimulus, the biggest credit bubble in history is … [Read more...]