If you think inflation here in the US is bad, it could be a lot worse ..

and that applies in more ways than one. An "interesting" story, to say the least, out of Cambodia this morning.

Don't forget to check back to Dan's Deep Creek Blog for future updates.

Warren Buffett Says US Inflation is "Exploding" ..

The Federal Reserve could obviously care less what I think, but when someone of Mr. Buffett's stature weighs in on CNBC they just might pay attention. We can only hope.

Don't forget to check back to Dan's Deep Creek Blog for future updates.

Making the tie between the weak dollar and the high price of oil and inflation, more are pushing for interest rate increases ..

Not one, but two separate stories on the topic from CNNMoney.com. Some think the Federal Reserve went too far in cutting rates and should reverse course and raise rates now to prevent inflation from getting (even further) out of control. It's funny how different people react to interest rate policy changes though. Some of my friends and colleagues, for example, think all interest rate cuts are good, but the dirty little secret is that interest rate cuts are mostly good for one group of people, debtors, over another group, savers. At a time when we face a crisis because of record levels of debt and the dollar gets weaker and weaker every time we spend more than we save I'm not so sure that encouraging people to become even more in debt is sound long-term policy.

On the flip side, Fed chairman Bernanke has studied in depth the causes of the Great Depression and knows that widespread bank failures don't help anyone. He and his colleague, Mr. Paulson, are certainly in a tough position now based on inaction of the very recent past. Hopefully the next time around they, or someone in their shoes, will have the foresight to put on the brakes before we've run off the cliff.

Don't forget to check back to Dan's Deep Creek Blog for future updates.