Former U.S. Federal Reserve Chairman Alan Greenspan said it was impossible to tell a bubble while you were in it. Well Alan, I’ve got news for you: We’re in one now.

There are a number of health care reform plans on the drawing boards right now, and they all seem to come with mind-numbing sticker shock. The administration’s new plan and Senator Kennedy’s plan are both estimated to cost $1 trillion over 10 years.

Both President Obama’s and Senator Kennedy’s healthcare plans are estimated to cost $1 trillion over 10 years.  I’ll believe it when I see it. When was the last time the government completed any project on budget?

Chinese business and social culture are generally very subdued and conservative… and above all, respectful. But students at Peking University in Beijing just couldn’t help themselves this week.

While the market surges and the herd stumbles around trying to decide if this 30% run in the market is real, there is another scenario unfolding that could very well be the single biggest driving force in our economy and the rest of the world.

The Treasury is having a tough time hawking US debt these days.  This from today’s Financial Times: The 30-year Treasury yield rose to 4.30 per cent on Thursday from 4.10 per cent the day before after bids at the government auction came at lower prices than expected.

Is the U.S. stock market rally for real? Or have stock prices gotten a little ahead of themselves?  After more than eight weeks in rally mode, it certainly appears that stock prices are outpacing economic reality.