http://www.cnbc.com/id/41527752
Even inflation may be in the eye of the beholder.
With the unemployment rate at 9 percent and the economy posting less-than-spectacular growth in recovering from the worst downturn in seventy years, inflation may seem an unlikely threat. But that hasn't stopped a growing number of doomsayers on Wall Street and Capital Hill from crying "Fire!".
What's driving the thinking, however, is arguably less a matter of current and leading economic indicators than a powerful cocktail of empirical wisdom, deficit politics and ideological debate about the role and powers of the Federal Reserve in managing the economy.