[dinopello]

A low-grade infection that won't go away is how Steve Pearlstein, business commentator for the Washington Post describes the outlook for the economy during his online chat about his most recent column on interest rates and inflation.

http://www.washingtonpost.com/wp-dyn/co ... 00420.html

The column can be read here

http://www.washingtonpost.com/wp-dyn/co ... 01382.html

$this->bbcode_second_pass_quote('', 'F')or years, economists have warned that the United States cannot continue to live beyond its means by running large and persistent trade deficits. At some point, the piper must be paid. And that point is upon us. We will either pay the price through slower growth or higher inflation, or, as now seems likely, through a combination of the two.

[threadbear]

And he is a conservative mainstream media commentator. This should scare the pants off the wildly exuberant.