In the previous posting *
SNAFU! On the Day After It's Business As Usual in Brussels* we commented in the margins on the matter of the mass application of the printing press. Since
inflating the balance sheets of national central banks by some 7 trillion dollars is merely inter banking money, the effects of inflation therefore seem to remain limited in the statistics *you wish* Regrettably this appears not to be strictly the case. New money is inevitably leaking into the real economy. The problem becomes acutely apparent in high oil and gas prices which are excluded from inflation statistics *OMG* Yes.
