The Volcker-Greenspan disinflation is dead. The Bush-Bernanke reflation is coming alive. Higher US inflation by mid-2003 baked into the cake.

• 沃克-格林斯潘的反通货膨胀已经成为过去,而布什-伯兰克的通货再膨胀却活跃起来。看来美国到2003年中期通货膨胀将加剧。