OooooWoooooHooooo! Scary!
This is the first thing I saw this morning: Inflation jumps by biggest amount in 6 months. Next came this subtitle: "Inflation soars 0.6 percent in May, reflecting biggest jump in gasoline costs since November." While the article seemed balanced, my first thoughts were cynical. Bernanke talks tough and voila! out come the highest inflation numbers in 6 months. Balderdash! What good's talking tough if you don't have a monster to fight? A scarrrrrrry, scaaaaaaarrrry, monster. Boo! Scared you didn't I?
Ben's the one who's really scared.
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