"Carl Jung, remarked that "people cannot stand too much reality." . How true, but we've now reached a new threshold in America, people can't stand ANY reality.

-Wal Mart today said sales at established U.S. stores rose an estimated 0.5%, far off the 2-to-4% gain the company originally forecast for October. Brazil Americans are obviously broke, and it has  to do with soaring costs, as much or more, than their busting housing equity (or negative equities).

-Central banks are now realizing they must take global levels of liquidity seriously, the ECB’s former chief economist, Otmar Issing, said Friday.

‘I am concerned about excessive liquidity in the world.’  This concern is shared by the current members of the ECB’s Governing Council, who have taken the lead in alerting other central banks to the risks at hand,  ‘There is now increasing support of the view that excessive liquidity world-wide is fueling asset prices and is something which has to be taken seriously by central banks…This is a real concern."

-Nadeem Walayak on UK inflation and hyper money supply growth. London is a hot bed for leveraged Ponzi unit financing.

Another major inflationary influence is that the UK money supply is running at 14.5% !! That represents a 16 year high, this alone is alarming and should prompt the BoE to raise interest rates as well as other measures to reduce the money supply growth which unless addressed will cause even higher future inflation.