Something is not confirmed till government officially denies it (re-post)

I re-post because I can… :))… and because had anyone actually put money down on the bet, I’d be a rich man by now… by the way, other than the re-post below, notice that the Irish government is bending over backwards to deny they are in talks with the ECB/IMF.

Begin re-post:

My favorite theme. Check out any of these prior posts…

https://guidoromero.wordpress.com/2010/01/31/something-is-not-confirmed-till-government-denies-it-greece/

https://guidoromero.wordpress.com/2010/05/03/a-study-in-hypocrisy-and-political-expediency/

https://guidoromero.wordpress.com/2010/05/05/something-is-not-confirmed-till-government-denies-it-spain/

Obviously having learned nothing from Almunia and his histrionics, today we have none other than the Prime Minister of Spain declaring:

Euro Debt Crisis is Over

http://online.wsj.com/article/SB10001424052748704129204575506182829904198.html

Now, I can understand how politicians can never learn from their and other politicians’ mistakes past and present. Politics is inherently and by necessity expedient and manipulative in nature so politicians do and say what they do and say.

What I have a harder time understanding is how presumably “informed” media agents, media companies, professionals and, indeed, members of the public can so regularly not see political statements for what they are.

Once again. As I did with Almunia whom, incidentally, has disappeared from the public scene, I will gladly take the other side of this bet. Sovereign credit spreads as well as fiscal revenue trends say this is easy money. So easy in fact, it could qualify as hustling.

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