Gold breached the $1,470 mark and silver topped $40.
Oil is trading around $111 and other commodities continue their ascent.
<sarcasm>But don’t worry. All of this inflation is transitory. Soon the Fukushima reactors will be as good as new, the wars in the middle east will be won and government budgets the world over will be balanced. Oh yeah, and Bernanke will be able unwind the tripling of the monetary base in about 15 minutes. Yay!! Free health care for everybody!</sarcasm>