The inflationary boom is the most likely scenario today because: (1) oil prices are capped near $100 (China stops buying above this), (2) US deficits remain at 7% of GDP, and (3) oil prices were capped at $120 during the recent Middle East crisis but didn't get there, so inflationary bust from energy spike is now unlikely. In an inflationary boom, the winning assets are value stocks, metals, and financials.