Mish's Global Economic Trend Analysis: Cyprus Banks Closed Until Thursday; "Solution is Feasible, Can Be Extrapolated to Spain", Says Spanish Economist; Lies of the Day: "Today's lie of the day is by Chancellor Angela Merkel who says don't worry, Cyprus is a "Special Case". How long will citizens of Spain, Portugal, and Italy believe that lie? The answer is hard to say. People seem willing to believe what they want to hear, even when dealing with known liars."
Yeah, but the people want to believe the lies--social security is solvent, etc.
Tweet Follow @hogsatthetrough