Th3 Core

http://knoema.com/kyaewad/us-inflation-forecast-2013-2015-and-up-to-2060-data-and-charts

WHAT THE f###

QE [pick any number] has no concequences ?? 

Economist Michael Pento, a frequent and harsh Fed critic, believes the St. Louis group has some of its assumptions wrong, particularly its understanding of why people aren't spending money. He sees it more as a function of high levels of debt that are constraining spending.

There are still plenty of people who are under water on their properties.  I believe a lot of people who were living large on their credit cards will be reluctant to do that again.  Also, consumer spending is tied to employment and many are still under employed.