“It’s precisely because of rising stock markets — and the accompanying complacency — that we have the most to be concerned about for the long-term future.  Stock market euphoria is a powerful drug.  It’s an artificial stimulant for the economy, an antidepressant for investors who’ve suffered big losses, and a memory-blocker for bankers who helped cause the great debt crisis.  Moreover, it does nothing to resolve the continuing — and growing — threats. So before the great forgettery of 2014 sets in, let me remind you about just the main ones.”

http://www.moneyandmarkets.com/the-consequence-of-complacency-is-catastrophe-57597

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