Tetlom, unless there is a change in trend I would be betting on...

Tetlom, unless there is a change in trend I would be betting on inflation continuing;

Spot the point in this 803 year timeline of world inflation, when the Fed was created.

The chart above comes courtesy of Jim Reid's fantastic "Journey into the Unknown" which we will dissect in much more detail shortly. For now we wanted to bring our readers attention to what is arguably the most important aspect of modern monetary times: the advent of persistent inflation, and the disappearance of deflation....

http://www.zerohedge.com/news/chart-day-803-years-global-inflation