Europe's Jean-Claude Juncker is best known for being the pathological liar head of the Eurozone. And who can possibly forget his immortal line, which he uttered after getting caught with a bold faced lie about the stability of the failed European project, that "when it get serious, you have to lie [5]", which he later explained with [6]the even more insane, "My main concern is to protect people from detriment. That's why I feel practically compelled to make sure that no dangerous rumors begin to circulate. I'm certainly not going to go to confession because of a false denial. God understands more about the financial markets than many who write about them." Well, for once it is Juncker who made the horrible mistake of actually telling the truth. And none other than the Chairman of the Fermentation Committee Art Cashin was there to memorialize it:
From UBS:
One Sentence Perfectly Describes The Quandary On Three Continents – The ultimate award for candor and honesty must go to Jean-Claude Junker (Prime Minister of Luxembourg) who apparently said – "We all know what to do, we just don't know how to get re-elected after we have done it." That say's it all.
For once we applaud Juncker's honesty because in one short sentence that would even fit in a Tweet he has explained pretty much everything those who believe anything they are told by the sinking status quo should know.