If you are watching the economic developments around the world through the tainted glasses provided by CNBS, you would think that everything in the world is just fine. Economic utopia is around the corner, yada yada yada. What else do you expect from a TV network that panders to the financial shills, a la, mutual funds, brokerage houses, and investment banks who pay their advertising bills.

With the exception of Bloomberg TV, there is nothing worth watching on American TV. If you live in Europe, you may be lucky to capture some good news reports like this. This 10 min video is worth watching to understand how bad the living standards have deteriorated in Greece.

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