In this week's Off the Cuff podcast, Chris and Mish discuss:
- Europe Worsens
- Even Germany is showing signs of weakness now
- David Stockman
- Everyone's trying to shoot the messenger
- Cognitive Dissonance
- It feels like we're taking crazy pills
Cognitive dissonance – when your brain is telling you one thing but your eyes are telling you another – is reaching extremes now. The stock market remains at all-time highs, and pundits proclaim good days are here again. To the average eye, we're back to boom times. But our minds assess the long and growing litany of grave economic and resource concerns, they and simply can't believe what we're seeing.
I think Will Ferrell (as Jacobim Mugatu) put it best:
This disconnect causes doubt and anxiety, and as a recent discussion on the site shows, makes us question whether we're on the right side in our analysis.
It's at times like these we remind you to trust yourself. Step back from the emotion and look at the facts with an objective an eye as possible. And make your own best assessment of what the likeliest outcomes will be.
From their end, Chris and Mish are increasingly concerned by the developments in post-Cyprus Europe. Recent economic data reveals what has been expected for some time now: Fundamentals are worsening, even in the critical "stable core" of Germany.
by adam-taggart-2 
