Since the beginning of the Great Recession, dating back to the “green shoots” days of early 2009 and recovery summer of 2010, there has been a crowd of analysts, journalists and pundits searching for signs of an economic recovery.
One group of analysts sifts through the data and determines most of it is negative but concludes “bad news is good news” because it means the Fed will continue its multi-trillion dollar quantitative easing (QE) experiment to try and drive interest rates lower and the real estate and stock markets higher. This realistic school of thought does not believe there is an economic recovery, rather just endless excuses to continue QE.
There is another more addictive school of thought, near Panglossian in nature, that goes “any news is good news” and can be taken as yet another sign of economic recovery.
This is the Economic Recovery Addict Syndrome.
Symptoms of Economic Recovery Addict Syndrome
Symptoms of this wishful thinking malady include: http://smaulgld.com/how-to-spot-an-economic-recovery-addict/