Europe's economic 'charade' may be exhausted Premium Content

Commentary: Bad news in Europe underlies week's Wall Street rise

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<a href="http://www.shutterstock.com/gallery-287881p1.html">Euro coins image</a> via Shutterstock.Euro coins image via Shutterstock.

Everybody struggles now to find guideposts in the thicket of new economic information. Two old ideas may help:

  • First, the time-sense of humanity is more calibrated to getting the bear out of the cave than musing about why bears like caves.
  • Second, a version of frog in hot water -- we tend not to notice the gradual onset of lunacy, grasping the insanity only in retrospect.

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