Inflation has been very soft for a number of years, and there's absolutely no reason to believe that's going to change any time in the near future.

Inflation, on the surface, does not appear to be a concern, but it's obvious that prices for some items are rising. It's inevitable that when people are armed with fatter paychecks and when companies are spending more to produce goods and services, prices are going to rise.

Inflation, on the surface, does not appear to be a concern, but it's obvious that prices for some items are rising, ... It's inevitable that when people are armed with fatter paychecks and when companies are spending more to produce goods and services, prices are going to rise.

Unemployment is sufficiently high, and the economy has just come out of a relatively mild recession, so inflation pressures are relatively soft right now. It will take a while of solid growth before we have upward pressure on inflation, so the Fed can be a little relaxed about it.

Part of it was just inflation, but a big reason for the increase is we have to bring those two stations up to the 2003 building code, which requires them both to have sprinkler systems. That was something I hadn't budgeted for. When I found out about it, the hair went up on the back of my neck.

Stocks are not expensive. There's no reason to believe we can't go higher. I don't see inflation as a threat at all.