Hi Mish
A couple of years ago the situation in Greece and Italy were on your blog every day. But now I don't hear anything about them. What has happened to make them a non-problem?

Italy is a major problem. Its banks are insolvent. I write whenever there is news on them. There has been little news on Italy or Greece recently.

I understand there is little news -- that is my point -- how did the situation go from being so dire to not even being in the news anymore?

Irresponsible complacency - It will not last