While scientists, media, politicians and commentators all warn about the remote and sketchy dangers of global warming, Bill Bonner is almost alone in warning of the real and immediate dangers of economic cooling.

The Shanghai exchange has gained 200% in the last 18 months.

Consumer confidence is near a five-year high. It must be because of the "savings glut" that Ben Bernanke believes is boosting prices of assets - especially U.S. Treasury bonds - all over the world.

It's the Ides of March every day at the Fed.

The Feds, in their infinite wisdom, no longer report the number for M3, the U.S. money supply. Guesses are that it is increasing at about a 10% rate, with $1 trillion of additional money put into the financial system in 2007 alone.

Between 1995 and 2005, the supply of dollars -M3 - grew at about 10% per year. The Feds aren't talking any more, but we have no reason to think it has slowed down.

Goldman Sachs paid out $16.5 billion in salaries and bonuses last year.

Bill Bonner notes the news that one single employee of Barclays Capital made history last year with a paycheck estimated at three times the total remuneration of the entire executive board.

Bill Bonner writes that the economy has been financialized and the financializers are getting rich.

While oil has dropped to $50 a barrel, gold has gone up.