Yes this is how it looks to me as well. I tend to think the dollar should decline at some point, and also inflation one day, but when? Its not quite so simple because the USD is relative to other currency, and i dont see any country doing much better than the US on the economic front. Still at some point inflation probably happens but its not the worry right now there are more serious issues with deflation and recession. A little bit of inflation along with some job creation would not looks so bad just now.