Courtesy of Mish.
Denial is Everywhere
Not only is denial everywhere, the denials are about increasingly important things. I offer three recent examples:
- A former Japanese central bank official says “The Positive Impact of the Declining Yen Has Yet to be Seen”
- Regarding Cyprus, all the eurozone nannycrats say “Not Me!” as Capital Controls Placed with Banks Closed Until Tuesday. Click on the link to see the Best that can happen now.
- The French newspaper Le Monde has a “Idea Headline” that states “No, France is Not Bankrupt”.
In regards to France not being bankrupt, I beg to differ. In actuality, the entire global financial system is bankrupt.
Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
