It's here. To save Americans from losing their houses and, more importantly, the high finance boys from losing their Christmas bonuses (do they take back the Westhampton bonus houses when the market "underperforms"?), the Fed is going to end up importing inflation from China. It seems all those uppity Chinese folks want to eat protein too. And it's driving up the costs of limited resources, particularly fertilizer (a.k.a., oil). Anyone who thinks that peak oil will mean just a crimp in their driving style had better wake up and smell the manure.
Pick your poison: no house or no food. I'm mulling over my options. It's a pisser, I'll tell you, a real pisser.