Everyone's Talking About This Bullish Trend, But Art Cashin Warns It's Hyperinflationary

"There's just a general higher level of interest in loan activity and lines of credit," he said.

The implications of this are potentially huge – to the economy; to the stock market; to Fed policy; and perhaps, most importantly, to inflation.  In a fractional banking system, money gets velocity when it's lent.  High velocity risks hyperinflation.  We'll discuss more fully next week.

Cashin has long warned that an increase in the velocity of money could quickly turn hyperinflationary..."

at http://www.businessinsider.com/art-cashin-warns-lending-may-be-hyperinflationary-2014-4#ixzz2zAZcEcxi