http://expectedreturnsblog.com/the-u...t-bond-bubble/
Note the section on the psychology of Cognitive Dissonance
Quote
I see good things all the time, bustling cities, full hotels, overflowing restaurants, thousands of tourists, new cars on the road, huge aircraft load factors, increased spending, skyrocketing property prices, and to top it all off there's a 385 acre mall being built not far from here.
The world's ending. LOL