This was exactly my point. Thus far we have not seen significant core inflation, hence why I said "QE1, QE Lite, and QE2 might not be there, yet." I later wen

This was exactly my point. Thus far we have not seen significant core inflation, hence why I said "QE1, QE Lite, and QE2 might not be there, yet." I later went on to suggest that additional rounds of QE probably will, however. Please explain to me how agreeing with your fundamental observation, that QE2 has not yet sparked significant inflation, is financially illiterate.