Well, today is April, it's not quite raining YET... what came out today were the monthly job reports and measure of industry and inflation, and the markets are a little mixed up trying to figure out what to make of it all - less jobs than expected, business middling, and inflation rising.

I think the reason for this questioning is that we are on the verge of the same kind of stagflation we faced in the 1970's - rising unemployment mixed with inflation - two things that normally don't go together - but sooner or later the combination of higher commodity prices with unbalanced trade and deficit government spending can lead to nothing else but stagflation.

You can't have your cake and eat it too should be the name for America in the 21st century....