Talk of irrational markets has all but ceased in the past few weeks and not only because European politicians were on holiday. When markets go up, few feel the need to criticise. Yet the recovery since late July should be questioned.
过去几周，非理性市场的传言几乎已完全消退，这不仅仅是因为欧洲政界人士在度假。当市场上行时，几乎无人感受到批判的必要性。然而，自去年7月末以来的复苏应该受到质疑。
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