There seems to be a concerted effort to brainwash the Indian public. The interesting question is now that the election is won what is the necessity to constantly forecast evermore fantastic growth of the economy? One day it is the Prime Minister forecasting above 9% growth followed by other members of the countless ministerial crowd. The freeloading press is doing its very best to spread the fairy tales. All this gas has sent the Sensex zooming upwards like a hot air balloon from below 9000 a couple of months back to over 15500 today. News from other countries would suggest that recession in the US and the OECD countries may be bottoming out but onset of genuine recovery is far from certain. China is desperately trying to avoid deflation. The very suggestion of the end of recession has sent oil to $ 70 a barrell. Dollar has weakened against all major currencies and the Indian rupee has jumped from over 50 to around 46 to a dollar which will hit exports even harder. After a brief appearance monsoon clouds seem to have disappeared. Fiscal deficit, including the states, is over 10%. By increasing salaries of useless kleptocrats expenditure has jumped. So why this phony optimism. According to the economics expert of a sunday paper all this is creating confidence and a feelgood effect which will stimulate happiness. Apparently people will happily start to spend and happy bankers will start lending and happy industrialists will employ more people thus creating a virtuous cycle of happiness. And unrestrained happiness will lead to enormous growths. Doctors have a term for this - nuts.