Fading memories

How soon we forget. Markets are rising and could end the year higher than before the financial crisis, despite the fact fundamentals that should underpin and logically support prices are absent. Governments, the public and even the media appear to have become weary of the drama, uncertainty and trauma that have wreaked havoc on the financial world since the collapse of Lehman Brothers just over a year ago.

Memory: 1 The ability to recover information about past events or knowledge. 2 The process of recovering information about past events or knowledge. 3 Cognitive reconstruction. The brain engages in a remarkable reshuffling process in an attempt to extract what is general and what is particular about each passing moment.
Memory may be divided into short-term (also known as working or recent memory) and long-term memory. Short-term memory recovers memories of recent events while long-term memory