The Fed’s plan to bailout indebted consumers and mortgage holders may sound impressive on paper (remember when $800 billion sounded like a lot of money), but it may just be “spitting in the wind.”

British Consumer Price Index inflation is running at 4.4% – more than double the Bank of England’s target. But annual input price inflation figures signal that overall inflation may have topped out. The problem is this drop also signals a global economic slowdown, says Fleet Street Daily editor Ben Traynor…