So many things could bring this stock market crashing down.

The official line is that there is no consumer price inflation in the United States of America.  That's what the nerds at the Bureau of Labor Statistics say.  And they're sticking with their story.

European countries are exposed to financial meltdown in Ireland.

The Chinese blame Ben Bernanke for increasing the supply of dollars and causing inflation in emerging markets and commodities. Bernanke points his finger at the Chinese.

Do the 1990's in Japan foretell what will become of the United States?

The CPI was out this week, and it showed a continued drop in inflation. There were those who immediately pointed out that this vindicated the Fed's move to QE2. We have to get ahead of this deflation thing, don't we?

The feds spend about one out of every four GDP dollars in the US. They collect, however, only about one in every five or six dollars worth of GDP. That is a pretty big gap – nearly 10% of total GDP.

Ben Bernanke maintains that what he is doing is merely an extension of normal monetary policy. It’s not. It’s a daredevil maneuver in which the Fed funds about 100% of the US government’s borrowing needs over the next 8 months.

Everyone is talking about the possibility of China raising interest rates. What if they did? How could it impact currencies?

The improvement in spending comes as other parts of the economy show signs of cooling.