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Denial is Everywhere (About Increasingly Important Things!)

IMG Auteur
Mish
Global Economic Analysis
Published : March 25th, 2013
109 words - Reading time : less than a minute
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Category : Opinions and Analysis

Denial is Everywhere

Not only is denial everywhere, the denials are about increasingly important things. I offer three recent examples:

  1. A former Japanese central bank official says "The Positive Impact of the Declining Yen Has Yet to be Seen"
  2. 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. 
  3. 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
Data and Statistics for these countries : Cyprus | France | All
Gold and Silver Prices for these countries : Cyprus | France | All
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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