Market Watch with Tom Waitt

September_14th_2011.mp3 Interesting Inflation    Interest rates are low but inflation is rising. Inflation is described as too many dollars chasing too few goods; inversely Deflation is too many goods for too few dollars. Interest Rates and Inflation (Click For Larger Picture) Which environment would you like to be in? If you have the goods people are rushing to buy like oil or gold or I-Pads your O.K. If on the other hand you are flush with real estate in Florida; not so good. Many analysts warn that the current easy money policy by global central banks will devalue currency and push commodities including food stocks to levels unaffordable by many already unemployed. Cotton prices soared to levels not seen since the U.S. Civil War. Gold has hit record highs; Gasoline remains high. Food prices are rising, forcing your grocery bill higher. Is inflation a problem? From 1914 until 2011, the average inflation rate in United States was 3.38 percent reaching an historical high of 23.70