Inflation happens when the USA has Democratic Presidents and Democratic Congresses at the same time.
The legendary inflation of the late 1960s and 1970s started with President Lyndon Johnson, was tamed somewhat by Nixon, but reared its ugly head with a vengeance after Watergate. Once Carter took office matters were the worst ever — 15% inflation every year. Reagan tamed it.
Clinton had a Dem Congress for only 20 months and couldn’t do much damage.
But Obama, during his 20 months, will have done enough damage with his trillion-dollar spending to bring inflation back.
Refinance your homes now if you still have an ARM, or fixed converting to ARM. NOW.