If modern American capitalism is the gold mine most people think it is, a lot of people are getting nothing but the shaft. What does Bill Bonner mean by this?

The Fed's rate-rigging group met yesterday. They announced that it was leaving the Fed's key lending rate where it was (5.25%) but that it still considered inflation its number one worry.

Zhou Xiaochuan, governor of the People's Bank of China, gave the people a warning; when asked whether a bubble was forming in Chinese stocks, he said "yes." Nothing very subtle about it.

There is more capital now chasing the same capital assets. Inflation has caused prices to go up.

Not since the late 1920s have we seen such a long stretch of highs, without a major correction. Does this tell us that we are in a New Era?

Up is down. Left is right. Good is evil. Risky is safe. That's what we take from the financial world this week.

All is well in the world economy?

One head proudly announces that not only is everything doing well. Meanwhile, the other head hangs down in despair.

Bill Bonner is surprised that a crash is taking so long to get to China.

Hedge funds for the masses?