I'd believe in deflation, but I haven't seen it. I've lost money on the stock market, true. But none of the costs in my life have come down. None. Even gas hasn't come down as much as you would think. It's still higher than it was this time last year. I guess the refiners are pocketing the difference. Where is this deflation I keep hearing about?

I could give the same rant about inflation. After a year of believing it was coming, I'm not so sure it will. I haven't really seen any. I think it is inevitable, somewhere down the road, when our leverage increases along with the introduction of all of these new dollars. But it's not necessarily inevitable in the next two years. People may spend them hiding all the new dollars instead of spending them.