Inflation? It's Already Here

That's according to a commentary by Katy Delay at Seeking Alpha. She says that inflation is already showing up in the stock market, which seems to be in the early stages of another bubble, but it's not percolating down to the real economy as yet (let alone into ordinary people's pay packets.)

We are already engulfed in a sea of inflated purchasing media that is constantly roosting, taking off, and re-alighting in its search for new quick profits. Unfortunately, given the current labor market, it won't even be dipping a little toe in the ordinary person's paycheck on its way by, at least not anytime soon....

We've got the price stabilization, and we most certainly have got the bubbles blowing again. The excess "money" is now keeping Wall Street afloat--in fact higher than ever, bonuses and all, while stable prices buoy the record private sector profits we've been hearing about (which they're using to increase inventory, speculating on a price-rise opportunity), and while the Fed's funny-money sustains the whole U.S. residential real estate market....

She ends by saying that gold provides security in times like these.