[expat_panama]

Chart is in the link

Tx, and what we've got is that the past quarter's loan growth increased the yr/yr change to 3.3%, and that "we need to keep an eye on the velocity of money to gauge the risk of an inflation scare.". 

Checking out loan growth and velocity at the Fed site shows that 3.3% is below average and has been falling for years while the money velocity itself has also been shrinking for years..

.

Help me out if I'm missing something, but as far as I can see inflation scares and hyperinflation are just not on the table.

[Wyatt's Torch]

Sorry I was traveling yesterday. I think the issue is that the items Cashin points out have been fairly stagnant and have both accelerated recently. As you know I have been a huge proponent of the Fed’s QE. Absolutely the right thing to do in a liquidity crisis and a deflationary environment. My concern has always been the exit strategy when demand abates. These might be the first signs of velocity starting to turn around. Then Yellen has to exit and that is going to be tough.