Has the massive Obama stimulus plan put us on a collision course with virulent inflation? It sure looks that way. Let me explain …

Upbeat headlines have been everywhere in recent weeks, and they all seem to point to a single conclusion: The U.S. economy is in the early stages of a very rapid recovery.

Warren Buffett’s Berkshire Hathaway Inc (NYSE:BRK.A) is finally starting to offload its 20% stake in ratings agency Moody’s Corporation (NYSE.MCO).

Bernanke sticks to the script…  Pound sterling comes under pressure…  China starts shopping for assets…  BRIC MarketSafe lights up the phones… And Now… Today’s Pfennig!

As we all know, the depression is over. The stock market seems to think so… with the Dow up 32 more points on Friday… and apparently eager to go higher. Oil rose above $64. And gold is trading at $937 this morning.

U.S. stocks fell today, Friday, on worry over the quality of corporate profits after General Electric Co. missed quarterly estimates, discouraging investors after a four-day run-up in Wall Street.

Google Revenues, Profits Rise; IBM’s Bumps Margins; Foreclosures Up as Well as Single-Family Homebuilder Confidence; Initial Unemployment Claims Fall to Lowest Level Since January; Sun Shareholders Approve Oracle Merger

Tech Bulls Boost Markets; Crude Tops $60 a Barrel; Bing Takes Bite Out of Yahoo, But Not Google; Weatherization Funds Cause Concern About Fraud; Paulson Defends BofA/Merrill Deal; U.S. Weighs in On China’s Spy Game; Microsoft Stores: Next to An Apple Store Near You

Monday

Earnings Announcements: Novellus (NVLS)