Market Watch with Tom Waitt

February_9th_2011.mp3 Inflation?    Inflation is described as too many dollars chasing too few goods. Soaring commodity prices have the media and market pundits warning of rising inflation.   Annual Inflation Rate (Click For Larger Picture) Many analysts warn that the current easy money policy by global central banks will devalue currency and push commodities including food stock to levels unaffordable by many already unemployed. Cotton prices have soared to levels not seen since the U.S. Civil War. Gold has hit record highs; Oil remains above $85 a barrel. Commodity 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 percent in June of 1920 and a record low of -15.80 percent in June of 1921. The inflation rate in United States was recently reported at 1.50 percent. The liquidity crisis had us in a deflationary spiral; recent global go