transitory :)

And the chatter continues.  Today, Bernanke told us that the Fed will change on a dime if his assumptions of a transitory boost in US inflation is incorrect. (Whatever that means :)

Currently, the only thing holding down inflation is housing.  But I think that is going to change.

(Over the past few weeks I have been looking at houses with the wifey, and while there are plenty of houses on the market, people are buying.  I saw three houses in two weeks. Two are now signed for.)

Curious to see the housing data over the next two months.

Needless to say, I maintain the thesis of the market thought post 'reality'.