Markets: self-destroying prophecy

In the natural world, spring is the season of rebirth. This year, the seedlings of renewed economic growth are also sprouting. No wonder investors are getting a touch of spring fever. The economic winter has been long and unusually cold. It was almost a full year ago that optimists started seeing green shoots of recovery, but until very recently there was little unequivocally good news outside of China. The blossoms of recovery are finally opening up. In the last week, it was announced that jobs...