Taming the Inflation Beast...Andy Xie: inflation is "the only way to speed up relief for indebted American households. Inflation works well when debts are locked into long-term fixed rates & don’t need new financing"... thinks the Fed will talk tough on inflation & may raise interest rates before the end of the year... this "could spark liquidity panic among commodity & stock market speculators. A market crash is likely" to which the Fed may need to respond with more easing... concludes the Fed will "have to skillfully navigate between bond vigilantes and liquidity junkies".... http://www.cibmagazine.com.cn/Columnists/Andy_Xie.asp?id=992&taming_the_beast.html