Remember what we said? As long as the economy isn't moving, inflation is likely to remain low, despite the copious amount of new cash in the system.
This is because all the new money has not yet proliferated throughout the economy. A lot of it is either sitting dormant in bank accounts, or increasingly, being put to work in financial markets.
As we can clearly see, this has contributed to asset inflation but not inflation of goods and services...yet.
Only when people start going out and spending money on regular everyday items and the entertainment and food industries come back to full force, will we really feel the weight of there being too much money competing for too few goods. It's not just me saying this either.
Here's a fun article from CNBC that was written approximately 14.5 hours before the results were printed, talking about a pick up in inflation as soon as May.
For Jeffrey Gundlach, CEO of DoubleLine Capital, we could be looking at 4% inflation as soon as June or July, an eventuality that would almost likely "spook the bond market." 
