Something may not wash?

Quiet so far today…but we keep thinking things still ain’t right out there; this isn’t your father’s usual “recovery” from recession. Inflation, or the lack thereof, and the rising potential for outright deflation continue to nag at us.

Wall Street Journal – June 18: U.S. consumer prices fell 0.2% last month from April, even as commodity prices from metal to fuel to food remain higher than they were a year ago… The Labor Department Thursday said that excluding volatile food and energy prices, consumer prices rose a modest 0.1% in May. Compared to a year ago, prices, excluding food and energy, have risen only 0.9%, the smallest increase since 1966.