Extending the Habit

You like to think that you're immune to the stuff
Closer to the truth is that you can't get enough
--Robert Palmer

The primary concern of financial markets right now is whether their addiction to easy money will permitted to continue. This why bad news is celebrated, as it suggests to the addict that the flow of narcotics will continue.

The central bank enablers are dependent on the addicts as well, lest they lose their legitimacy as market mavens.

Both sides muddle along in hopeless states of co-dependence.