It seems central bankers now have medical degrees to boot ...
I've used the term desensitized to explain the lack of reaction to bad economic news ... mostly in the eurozone.
But I like the term anaesthetized, as Jeremy Warner from the Telegraph uses it in the quote and article linked above. He talks about the potential risk of the Libor scandal re-rearing its ugly head and sparking a new financial crisis. His chosen term is applicable elsewhere too.
I like anaesthetized because it implies direct action being taken to dull consciousness. Desensitized, on the other hand, implies the indirect dulling of consciousness. Liquidity pumping, as practiced by central banks, has anaesthetized investors so they don't feel the pressure of financial misfortune or economic disappointment.
The folks in China like that strategy too ...
Market Vitals | 20 December 2012 ~ [http://blackswantrading.squarespace.com/storage/market-vitals/122012_mv_anaesthesized.pdf] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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