When Kleiner Perkins is confident enough to start a new fund, you are talking some serious traction in the economy. With Bonds getting hammered over last few weeks, it is clear that Bernanke may not be able to keep his word that till 2014 he will not raise interest rates. It is not just Oil which fueling inflation for energy products; but overall the potent force of labor driven inflation in the economy. Still it is too early and there is tremendous 'slack' in the Labor Market; but you never know how the voracious demand in countries like China and India would append the global economy. So fat so good and as the premium VC in Silicon Valley shows; things are going as per the script for the recovery under way. But unless checked, 'over heating' may not be that far.