Chris, I hate to say it, but by saying inflation is unimportant proves ignorance and that petition reads just like Bawldy stated. The bad thing is we can discipline our sons and daughters but we can’t do the same to those who wrote that petition.

It’s the same experts to which you refer that helped generate the fix the economy is in now. They’re screaming for Daddy Bernanke to fix THEIR booboos.

The last time those signing that petition got their way, was just years ago, and you can see the devastation.

Recession? First of all there is no inevitable recession. Still, a recession may become a reality this year. So what? In my opinion it’ll be moderately shallow and short lived, 8-12 months. The last time we had what was predicted to be a ‘devastating’ recession, it came and went without multiple large sections of the economy even being aware of its existence.

Things are, at least from where I’m sitting, turning around already. Bernanke’s timing can be debated, but I’m not one toquibble over timing on his moves at this point.

Anyone who calls inflation ‘unimportant’ has never seen it in real time, first hand.

Please come back Chris — and thanks for commenting.

Readers: Robert not only flies for free — he’s the dang pilot for Heaven’s sake.

Any hint on the new blog topic?

I am another whom can only take Cramer in small doses (mostly because he indirectly gets me into another blog topic I want to write). I am glad to see he is finally coming around on real estate and hopefully we will be seeing changes in the next few months.

Down here in Florida, I still expect it to get a little worse, but also forecasted it will be improving later this year.

It’ll be interesting to see if how things shake out in the next month. If, as I strongly suspect, the Bears go into hibernation it’ll be fun to watch the media spin a recovery into another train wreck.