涨价的除外就没有通胀 抓一把椅子趁音符在耳

Alan Abelson: There's no inflation - except for such necessities of daily sustenance as food, gasoline and The Wall Street Journal

With so many on Wall Street singing the same optimistic tune, is it time to get defensive and grab a chair before the music stops? Perhaps the adage by the late Humphrey Neil, the father of modern contrarian theory, applies here: Everybody thinks alike, everyone is likely to be wrong.

羊群心理難得知機識變 經濟略放慢能紓緩通脹

其實，每當大市確已啟動且蔚成日漸壯闊的勢，市場群體往往隨聲附和，毫不忤逆，趕潮流者大家每優為之
惟在勢的始未，即其既起未起或欲減不減時刻，往往才給了大多數市場人士組成的群體犯錯出事的機會，因為多數人後知後覺又缺自我制約的原則性紀律性

Following what was widely perceived as an audacious move by the Fed in lowering its policy rate by 50 basic points, financial markets quickly began working in the possibility of increased inflation risks into the prices of various assets. However, with the economy currently growing at just under tow percent in real terms, inflation fears seem exaggerated.