A two-day gathering of tied hands! Bring your cameras!

CNBC is dancing around this morning, talking about inflation and Dow Chemical’s extensive price increases, then talking about increased unemployment, and food prices… if it wasn’t 8AM I’d make this into a drinking game and be waiting for someone to use the word “stagflation” to take a shot.  Futures look a little “meh” this morning for everything except (surprise!) oil.