The euro has reached a 16-month high against the dollar this morning and the Swiss franc is at a record high versus the greenback.
The Euro hit $1.4653 in early tradind and against the Swiss franc, the dollar fell to an all-time low of 0.8745 Swiss francs.
Price inflation is going to be dramatic and a likely talking point at the Presidential debates.
But then again, NYT's guru Paul Krugman sees otherwise:
....there’s nothing..to suggest any reason to consider inflation a problem.
Krugman, former ENRON advisor, is all in on price stability and QE3. I expect he will finally be discredited by his adoring fans?
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