Doom sells. Whether markets are rosy or wobbly, making predictions of impending disaster is something of a competitive sport.
Perma-bears are famous for predicting 20 of the last three recessions while pundits (and, admittedly, columnists) devote significant time and energy to warnings about stuff that can go wrong. Those of a more cheerful disposition get less of a look-in.
Right now, the list of reasons not to be cheerful is particularly nasty: inflation is defying sober expectations, and central banks know they cannot seek to puncture it without potentially torpedoing the financial stability they have worked so hard to foster since Covid-19 hit.
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