Mitchell’s Musings 12-10-12: Crowd Wisdom?

Financial markets are not expecting hyperinflation or even inflation out of line with past trends as a result of the aggressive Federal Reserve monetary policy during and after the Great Recession. In fact, their expectations of inflation came down a bit after the November 2012 election. Yet some folks seem worried. Do they know something the Fed doesn't or that financial markets don't?  Probably not.