At some point, the dollar has to give. You can't just keep printing money, and monetizing debt, and buying bonds, without the dollar imploding.
Greed is normally balanced by fear.
Fifty-dollar oil is just another stop on the road to much higher crude prices.
Confidence by itself, unless it has a valid basis, can get us into trouble.
What got us out of the depression was capitalism, and we would have gotten out a lot quicker had the government not intervened.
The real bubble in China is in US Treasuries, in US dollars.