Investors gird for post-recession inflation

Washington Post – Brushing aside statistics that show an annual inflation rate of less than zero, investors already are selling off dollars and driving up the price of gold in anticipation of a surge in prices as soon as the economy recovers from its deep recession.  Many economists think deflation is still a greater worry, but the fear of inflation has prompted a reprise of last year’s speculative interest in oil and other commodities, which this decade have proved to be good hedges against inflation. That, in turn, can be a self-fulfilling strategy, as pouring money into commodities drives up prices.  Read Article