Earlier today we noted that the one thing every company was obsessing during their Q1 earnings call: inflation. As BofA equity strategist Savita Subramanian calculated, mentions of “inflation” quadrupled YoY, and after last week, mentions have exploded nearly 800% YoY. More striking was her observation that as “mentions skyrocket to near record highs from 2011″ these point to at the very least, “transitory hyper-inflation ahead.” This is an official statement from a Big-4 bank, not some tinfoil conspiracy blog.