Inflation has a funny way of showing up selectively here and there in the economy. You can have housing deflation, and wage deflation and still have market inflation and commodity inflation. Wages can go down while food and energy go up. Check out this chart which compares the inflation of the money supply to price inflation in the stock market.
www.fgmr.com/not-only-commodities-are-signaling-hy....html
http://chum.ly/n/5e1441
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