This is correct, for now. I have a feeling it won't be long before we're back in the massive price increase game.
With down dollar why it will not be back as a concern? The action of the moron can bring inflation back. If you have economy heading south and inflation heading north, you will be roasted in hell but on earth.
Let's face it. Fed want to get rid of the treasury market.. IE, make it yield zero and inflate out of trillions of debt which both government and consumers hold. Once that is over, Volcker will give advice on how to restore order. Essentially, there will be one global currency left. That is commodities.
Could tell them what was the price at close of Friday? Of just 10 days ago. Then they might feel the dizziness